Managing the Demand for a Service So That a Sufficient

question 103

Multiple Choice

Managing the demand for a service so that a sufficient supply is available to customers is called

• A)idle production capacity.
• B)inventory management.
• C)capacity management.
• D)off-peak pricing.
• E)gap analysis.

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Definitions:

Location Decision

The process involved in choosing a geographic location for a firm's operations, factoring in costs, accessibility, labor supply, and other strategic objectives.

Innovation

The introduction of something new, such as a method, idea, or product, intended to improve efficiency, effectiveness, or competitive advantage.

Competitiveness

The ability of a company or country to achieve and maintain a favorable position in the market compared to others, based on factors like price, quality, and innovation.