There are four strategies that firms can use to balance supply and demand; price, lead time, inventory, and _____.
A) transportation
B) warehousing
C) customer service
D) production flexibility
E) none of these answers

Question

Quizplus · Accepted Answer

Production flexibility is the fourth strategy firms can use to balance supply and demand. This involves the ability to quickly adjust production levels or processes to meet changes in demand. By being able to ramp up or scale back production, firms can better respond to shifts in customer demand and ensure they are not left with excess inventory or production capacity.

There Are Four Strategies That Firms Can Use to Balance