ENTREPRENEURIAL OPERATIONS
PRODUCTION PLANNING AND CONTROL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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chase
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level
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flexible
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none above
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Detailed explanation-1: -An example of the chase strategy is one that produces swimming pool liners. The demand for pool liners changes depending on the season but the production must be very flexible to handle these changes. The production and sales must be able to know ahead of time for changes in the marketplace.
Detailed explanation-2: -What is Chase Demand? Chasing demand means altering production capacity to match the demand over time. This approach requires balancing a variety of resource availability (staff availability, equipment levels, etc.).
Detailed explanation-3: -Chase strategy, in contrast, is focused on constantly matching demand and capacity. Rather than maintaining a constant level of production and a fully-staffed workforce, a business implementing a chase aggregate plan: Keeps inventory levels low until customer demand justifies an increase.