The ability to respond quickly to changes in the volume and type of demand is called _____.
A) learning
B) service quality
C) demand variability
D) volume flexibility

Question

Quizplus · Accepted Answer

Volume flexibility refers to a company's ability to adjust production or service levels quickly in response to changes in demand. This can include adding or reducing staff, changing schedules, adjusting inventory levels, or making other operational changes to meet customer needs. Learning, service quality, and demand variability may all be important factors in managing volume flexibility, but they do not fully capture the concept of quickly adapting to changes in demand.

The Ability to Respond Quickly to Changes in the Volume