Capacity Management Refers to

question 78

Multiple Choice

Capacity management refers to

• A) integrating the service component of the marketing mix with efforts to influence consumer demand.
• B) when the service provider is available but there is no demand.
• C) charging different prices during different times of the day or during different days of the week to reflect variations in demand for the service.
• D) the practice of changing prices for services in real time in response to supply and demand conditions.
• E) the operating cost per hour per employee or technology subtracted from the revenue generated by each full-time employee equivalent.

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Definitions:

Export Supply Curve

A graphical representation showing the relationship between the price of a good on the international market and the quantity that domestic producers are willing to export.

Import Demand Curve

A graph showing the relationship between the price of an imported good and the quantity of the good that consumers in the importing country are willing to buy.

Equilibrium World Price

The price at which the supply of a good on a global scale exactly matches the world demand for that good.

Production Possibilities Curve

A graphical representation that shows the maximum quantity of two goods that can be produced within a given resource constraint.