What types of industries or situations are best suited to the chase strategy? Th
ID: 431526 • Letter: W
Question
What types of industries or situations are best suited to the chase strategy? The flexibility strategy? The level strategy?If a company currently employs the chase strategy and the cost of training increases dramatically, how might this change the company’s aggregate planning strategy?
Discuss the situation a firm should offer pricing promotions during its low Demand Periods?
Discuss the situations a firm should offer pricing promotions in its peak-demand periods? What types of industries or situations are best suited to the chase strategy? The flexibility strategy? The level strategy?
If a company currently employs the chase strategy and the cost of training increases dramatically, how might this change the company’s aggregate planning strategy?
Discuss the situation a firm should offer pricing promotions during its low Demand Periods?
Discuss the situations a firm should offer pricing promotions in its peak-demand periods?
If a company currently employs the chase strategy and the cost of training increases dramatically, how might this change the company’s aggregate planning strategy?
Discuss the situation a firm should offer pricing promotions during its low Demand Periods?
Discuss the situations a firm should offer pricing promotions in its peak-demand periods?
Explanation / Answer
As per concept of chase strategy, the cost of transportation of inventory items is greater than the costs of changing machine levels or labour capacity. The best chase strategy industries are aircraft industry, other high dollar commodities and manufacturers of high perishable goods.
The concept of flexibility strategy says that transportation of inventory items is relatively higher than the machine capacity and the human resource cannot be synced for the same on short notice. The best examples are automotive industry, consumer durables and electronics.
The level strategy is best suited for industries where transportation of inventory and build-up backlog costs is comparatively low. The best suited industries are consumer goods
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