Which of the Following Is an Example of a Modern

question 27

Multiple Choice

Which of the following is an example of a modern capacity strategy?

• A) Construct large plants that perform all the value adding activities.
• B) Produce more than the actual demand to minimize customer dissatisfaction.
• C) Build large specialized plants with the potential for expansion.
• D) Construct smaller and more specialized plants that focus on a few tasks.
• E) Produce less than the actual demand to reduce the costs of operation.

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Definitions:

Socialism

A political and economic theory advocating for the means of production, distribution, and exchange to be owned or regulated by the community as a whole.

Markets

Economic systems where goods and services are exchanged between buyers and sellers under the influence of supply and demand.

Neoliberalism

An economic and political ideology that emphasizes free-market capitalism, deregulation, and a reduction in government spending.

Cultural Imperialism

The dominance of one culture over another, often through media and global trade, leading to cultural homogenization and loss of indigenous cultures.