Asked by Nurul Izzati on Jul 11, 2024
Verified
Adding a complementary product to what is currently being produced is a demand management strategy used when
A) demand exceeds capacity.
B) capacity exceeds demand for a product which has stable demand.
C) the existing product has seasonal or cyclical demand.
D) price increases have failed to bring about demand management.
E) efficiency exceeds 100%.
Complementary Product
Products that enhance the value or utility of another product when used together.
Demand Management
The process of forecasting, planning, and controlling demand for products and services to optimize supply chain performance.
- Recognize strategies for demand management and capacity increase in operations management.
Verified Answer
SD
sachin dhamiJul 16, 2024
Final Answer :
C
Explanation :
Adding a complementary product can help manage demand for a product with seasonal or cyclical demand by providing an alternative product for customers to purchase during slower periods.
Learning Objectives
- Recognize strategies for demand management and capacity increase in operations management.
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