The Chase Demand Strategy

question 7

Multiple Choice

The chase demand strategy

• A)produces to reach set inventory levels each period
• B)uses subcontracting and overtime to meet demand
• C)uses hiring and firing of workers to meet demand
• D)all of the above

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Definitions:

Expected Monetary Value

A statistical technique in decision-making that calculates the average outcome when the future includes scenarios that may or may not happen.

Disaster Risk

The potential loss or damage that could result from the interaction of natural or human-made hazards with vulnerable conditions.

Suppliers

Businesses or individuals that provide goods or services to another entity along a supply chain, playing a vital role in production and distribution processes.

Multiple Suppliers

The strategy of sourcing a particular product or service from more than one supplier to reduce supply risk.