What Is an Option for Companies That Want to Have

question 192

Short Answer

What is an option for companies that want to have a capacity to meet peak demand?
Plan for peak demand by having, for example, all cash registers open 3 days before Christmas
Use a qualitative forecast to determine average demand
Attempt to meet most, but not all, peak demands
Plan for normal demand
Lower prices of the products that are being produced

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Definitions:

4 Ps

Refers to the product, price, place, and promotion - elements considered essential in the marketing of goods or services.

Product Benefits

Refers to the positive outcomes or attributes that customers receive from using a product, enhancing their satisfaction or solving their problems.

S.A.V.E. Framework

A strategic approach focusing on Solution, Access, Value, and Education to guide marketing and sales efforts.

Technology-Oriented Approach

A strategy that prioritizes the integration and use of technology to solve problems or enhance processes.