The Focus of Sales and Operations Planning in the Service

question 42

Multiple Choice

The focus of sales and operations planning in the service sector is primarily on ______,in contrast to ______ in manufacturing sector.

• A)production planning,workforce scheduling
• B)demand planning,supply planning
• C)workforce scheduling,production planning
• D)supply planning,production planning

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Definitions:

Normal Good

A type of good for which demand increases as the income of individuals increases, reflecting a direct relationship between income and demand.

Demand Curve

A graph showing the relationship between the price of a good or service and the quantity of it that consumers are willing to purchase at various prices.

Future Price Decline

The expectation that the price of goods or services will decrease in the future, often influencing consumer and business decisions.

Leftward Shift

In economic terms, a movement of the supply or demand curve to the left on a graph, indicating a decrease in supply or demand.