The Push Model Is Also Called ________ Which Means the Production

question 115

Multiple Choice

The push model is also called ________ which means the production process begins with a ________.

• A) make-to-order; customer order
• B) make-to-order; forecast
• C) make-to-stock; customer order
• D) make-to-stock; forecast

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Definitions:

Actual Production

The total quantity of goods and services produced by an economy or firm at any given time, reflecting real output.

Diagram

A simplified drawing showing the appearance, structure, or workings of something; a schematic representation.

Allocative Efficiency

A state of the economy in which production represents consumer preferences; every good or service is produced up to the point where the last unit provides a benefit to consumers equal to the cost of producing it.

Producer Surplus

The variance between the price producers are willing to take for a good or service and the price they end up receiving.