Discuss the following:

a. Approaches to adjust short-term capacity
b. Approaches for shifting and stimulating demand


a. Adjust short-term capacity levels by adding or sharing equipment, selling unused capacity, changing labor capacity and schedules, changing labor skill mix, and shifting work to slack periods.

b. Ways to shift and stimulate demand include varying the price of goods or services, providing customers with information, advertising and promotion, adding peripheral goods or services, and providing reservations.

Business

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