Volume Flexibility Involves Accelerating or Decelerating the Rate of Production

question 99

True/False

Volume flexibility involves accelerating or decelerating the rate of production of services or products to handle large fluctuations in demand.

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Definitions:

Customer Orientation

A business approach that prioritizes understanding and meeting the actual needs of customers.

Salesperson

A professional who is responsible for selling products or services to customers, often directly.

Products

Goods or services that are created through a process and then offered to the market to satisfy a need or want.

Buying Decision

The process through which a consumer decides whether or not to purchase a product or service.