What Pre-Planning Can a Firm Do in Anticipation That the Demand

question 41

Multiple Choice

What pre-planning can a firm do in anticipation that the demand for products produced by a project will not meet expectations?

• A)The firm can wait until the demand is determined before committing to the project.
• B)The firm can arrange for a buyer to buy the project in the event that demand is below expectations.
• C)The firm can arrange to outsource components of the product and can use temporary labor that can be reduced quickly.
• D)The firm can produce as expected despite the demand.

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Definitions:

Potential for Good

The inherent capability or possibility within individuals or situations to bring about positive outcomes or benefits.

Innate

Describes characteristics or abilities that are present in an organism from birth, not acquired or learned through experience.

Empirical Method

A way of gaining knowledge through direct and indirect observation or experience.

Observation of Phenomena

The act of carefully watching, noting, and analyzing occurrences or facts in the natural world to gain understanding or develop hypotheses.