In Using the Chase Strategy, Variations in Demand Could Be

question 58

Multiple Choice

In using the chase strategy, variations in demand could be met by

• A)promotions.
• B)varying output during regular time by changing employment levels.
• C)varying inventory levels.
• D)using some combination of inventories, overtime, part-time, subcontracting, and back orders.
• E)price adjustments.

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Definitions:

Reliability Coefficient

The reliability coefficient is a measure that assesses the consistency or stability of a test score or instrument over time.

Correlation

Correlation is a statistical measure that expresses the extent to which two variables change together. If the variables tend to increase and decrease in relation to each other, the correlation is positive; if one increases as the other decreases, it is negative.

Construct Validity

The degree to which a measurement device accurately measures the theoretical construct it is designed to measure.

Reliability

The consistency and stability of measurements or assessments over time.