OPERATIONS MANAGEMENT W/ CNCT+
OPERATIONS MANAGEMENT W/ CNCT+
12th Edition
ISBN: 9781259574931
Author: Stevenson
Publisher: MCG CUSTOM
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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.

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Students have asked these similar questions
Why is it important to match supply and demand? If a manager believes that supply and demand will not be equal, what actionscould be the manager could take to increase the probability of achieving a match?
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?
If a manager assumes that the supply and demand won't meet, what are the potential behaviors of the one who manages the supply?
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