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Blessing Started a Small Craft Business in Her Home Three

question 14

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Blessing started a small craft business in her home three years ago. Last year she finally moved her business into a small store along her town's main street. Last Saturday, most of her store's stock was destroyed as firefighters fought a fire that had started in the vacant office next to her store. As Blessing walks through her ruined store, she is most likely to experience a sense of


Definitions:

Pure Level Strategy

is an inventory and production control strategy where companies maintain a constant production rate and workforce level, avoiding any production or staffing fluctuations.

Mixed Strategy

A strategy in decision-making or game theory where a player employs a combination of actions or choices to ensure diversity or unpredictability.

Pure Chase Strategy

A demand matching or production strategy where output is adjusted to match the demand exactly, with no inventory buffer.

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