The strategy where the production rate is synchronized with the demand rate by varying machine capacity or hiring and laying off employees as the demand rate varies is the?
Understand the Problem
The question is asking about a specific strategy in production management that synchronizes production rates with varying demand rates by adjusting machine capacities and workforce. It seeks to identify the correct terminology for such a strategy from given options.
Answer
Chase strategy.
The final answer is chase strategy.
Answer for screen readers
The final answer is chase strategy.
More Information
The chase strategy is used in production planning and involves varying production rates to match demand by adjusting capacity or workforce levels.
Tips
A common mistake is confusing the chase strategy with the level strategy, where production remains constant regardless of demand.
Sources
- Solved 8) The strategy where the production rate is | Chegg.com - chegg.com
- Maximizing Profit with Aggregate Planning in Supply Chains - coursesidekick.com
- Free Flashcards about LOG EXAMII - Study Stack - studystack.com
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