A Situation That Occurs When a Service Provider Is Available

question 194

Multiple Choice

A situation that occurs when a service provider is available but there is no demand is referred to as

• A) off-peak pricing.
• B) idle production capacity.
• C) static demand.
• D) capacity management.
• E) excess inventory.

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Definitions:

Timely

Refers to something being done or occurring at a favorable or appropriate time.

Trade-Off

The concept of sacrificing one aspect or feature in order to gain another, often used in discussions of decision-making where competing objectives must be balanced.

Timeliness

The characteristic of being done or occurring at a favorable or useful time, especially in the context of decision-making or business operations.

Accuracy

The degree to which the result of a measurement, calculation, or specification conforms to the correct value or a standard.