ENTREPRENEURIAL OPERATIONS
PRODUCTION PLANNING AND CONTROL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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produce an amount equal to the average demand for all periods in the planning horizon
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chase
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level
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hybrid
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flexible
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Explanation:
Detailed explanation-1: -The use of a level strategy means that a company will produce at a constant rate regardless of the demand level. In companies that produce to stock, this means that finished goods inventory levels will grow during low demand periods and decrease during high demand periods.
Detailed explanation-2: -Chase strategy is a planning strategy that sets production equal to forecasted demand. The chase strategy attempts to achieve output rates for each period that match the demand forecast for that period.
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