One Option for Altering the Pattern of Demand Through Aggregate

question 14

Multiple Choice

One option for altering the pattern of demand through aggregate planning is

• A) using overtime.
• B) carrying inventory.
• C) subcontracting.
• D) pricing.

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Definitions:

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded at those prices.

Price

The charge established, required, or paid in exchange for an object.

Demand Curve

Graphically illustrates the quantity of a product or service consumers are willing to buy at various price points, underlining the inverse relationship between price and demand.

Price

The expenditure required to procure a good, service, or asset.