Explain the three basic production strategies used to complete the aggregate plan
Chase strategy - Adjusts capacity to match demand patterns. Firms must hire and lay off workers to match its production rate to demand.Hiring, training, and termination costs are significant cost components in the chase production strategy.
Level strategy - Relies on a constant output rate and capacity while varying inventory and backlog levels to handle the fluctuating demand patterns. Firms keep their workforce levels constant and rely on fluctuating finished goods inventories and backlogs to meet demand. This strategy it is more suited for firms that require highly skilled labor.
Mixed strategy - Strives to maintain a stable workforce while using short-term means to manage short-term high demand. This strategy uses overtime and subcontracting to cope with the high demand periods. Some firms will schedule preventive maintenance or produce complementary products that require similar resources but different demand cyclesduring the off-peak demand periods.
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The data flow between "prepare paychecks" and "prepare disbursement voucher" is the payroll register
Indicate whether the statement is true or false
Coke's worldwide success is based on:
A) adaptation of the marketing mix. B) standardization of the marketing mix. C) selected elements of the marketing mix. D) using local sales force and vending machines. E) using existing local infrastructure.
Describing available services and support is most likely a goal of ________ advertising
A) reminder B) competitive C) covert D) attack E) informative
Obtaining criterion data at about the same time as test scores (or other predictive information) is the technique used in
A. predictive validity. B. concurrent validity. C. content validity. D. correlational validity.