Which of the following accurately describes a chase strategy? a) The firm produc

Question

Which of the following accurately describes a chase strategy?

a) The firm produces the same amount each day over the planning period and deals with the variations in demand with inventory or overtime.

b) The firm produces at the same level for several months, and then adjusts production to another level and produces at that level for several more months.

c) The firm produces exactly what is needed each month

d) None of the listed answers accurately describes

e) All of the listed answers could describe the strategy depending on the organization

Explanation / Answer

The Answer here is C- The firm produces exactly what is needed each month

Chase Strategy is also known as demand matching strategy. Organizations following this strategy, produce only enough goods to meet or exactly match the demand for goods. Classic example of this would be a restaurant, which cooks food only when ordered by a customer.

Advantages:

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.