Which of the Following Is the Correct Order of Steps

question 22

Multiple Choice

Which of the following is the correct order of steps in capacity planning and control?

• A) 1. Measure demand and capacity; 2. Select capacity plan; 3. Increase capacity to meet demand
• B) 1. Measure demand and capacity; 2. Identify the alternative capacity plans; 3. Choose most appropriate capacity plan.
• C) 1. Choose an appropriate capacity plan; 2. Measure demand and capacity; 3. Seek to balance supply and demand
• D) 1. Identify the alternative capacity plans; 2. Choose most appropriate capacity plan; 3. Measure demand and capacity.

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Definitions:

Marginal Utility

The extra pleasure or benefit gained by a person from consuming one more unit of a product or service.

Total Utility

The total satisfaction or benefit derived by a consumer from consuming a particular quantity of goods or services.

Marginal Utility

The additional satisfaction or utility that a person receives from consuming an additional unit of a good or service.

Marginal Utility

The additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service.