EBK OPERATIONS MANAGEMENT
EBK OPERATIONS MANAGEMENT
12th Edition
ISBN: 8220100283963
Author: Stevenson
Publisher: YUZU
Question
Book Icon
Chapter 1, Problem 2CTE
Summary Introduction

To determine:  The action of the manager to match the supply and demand.

Introduction: Supply and demand is the amount of products which is available and the amount which is required by the consumers. In economical term, supply signifies how much of goods people are willing to purchase at certain price and demand is referred to as the quantity of goods and services that a person is desired to purchase.

Blurred answer
Students have asked these similar questions
How critical is supply and demand matched? If a manager thinks supply and demand won't be fair, what measures should the manager take to improve the chance of a match?
What are the benefits of matching supply and demand? What steps should a manager take to maximise the likelihood of achieving a match if he or she thinks supply and demand will not be equal?
In an analyzation of the auto industry in the US using Porter's Five Forces (including the level of competition within the industry) riding a bicycle, taking public transportation and walking are examples of items that appear in which ONE of the five forces? Select one: a. Threat of Substitutes b. Bargaining Power of the Buyer c. Bargaining Power of the Supplier d. Threat of New Entrants
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning