Capacity planning means ensuring that a firm's capacity exactly meets the normal demand for its product.

Question

Quizplus · Accepted Answer

Capacity planning involves predicting future demand and ensuring that the firm has adequate capacity to meet that demand, while also taking into account factors such as seasonal variations and potential fluctuations in demand. The goal is not necessarily to match capacity with normal demand, but rather to have a level of capacity that is appropriate and efficient for meeting the firm's overall operational goals.

Capacity Planning Means Ensuring That a Firm's Capacity Exactly Meets