Which of the Following Is NOT One of the Five

question 20

Multiple Choice

Which of the following is NOT one of the five basic approaches to managing demand?

• A)Taking no action and leaving demand to find its own levels.
• B)Reduce demand in peak periods.
• C)Increase demand when there is excess capacity.
• D)Inventory capacity until demand increases.
• E)Inventory demand by creating a formalized queuing system.

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Definitions:

Influential Person

An individual who has the power to affect the opinions or actions of others due to their authority, knowledge, position, or relationships.

IRR

Internal Rate of Return, a financial metric used in capital budgeting to estimate the profitability of potential investments.

Average Annual Return

The arithmetic mean percentage of gain or loss on an investment per year over a given period.

Taxes and Fees

Compulsory charges imposed by government entities or regulatory bodies on business transactions, goods, and services.