Answer:
The maximum expected output capability of a resource or system. - Is the definition of <u>Design Capacity.</u>
An approach to a firm's acquisition of resources that will either lead, lag, or track the customer demand. - Is the definition of <u>Capacity Expansion Strategy.</u>
A capacity acquisition strategy where expansion takes place before the demand materializes and never falls behind the capacity growing requirements. - Is the definition of <u>Lead the Demand.</u>
The expected output capability of a resource or system after accounting for scheduled down time (like for maintenance).- Is the definition of <u>Effective Capacity.</u>
A capacity acquisition strategy where expansion takes place only after the demand materializes and never exceeds the demand. - Is the definition of <u>Lag the Demand.</u>
Answer:
decrease in the unit variable cost
Explanation:
The economy's self-correcting property is the fact that output gaps won't last indefinitely, but will be closed by rising or falling prices.
The output gap is the difference, expressed as a percentage of gross domestic product, between an economy's actual output and its highest potential output. An output gap can be either favorable or negative for a nation.
A negative output gap indicates that the economy's actual output is below its maximum capacity, whereas a positive output gap indicates that the economy is beating expectations because its actual output is higher than its acknowledged maximum output. The output gap helps paint a picture of how the economy is doing because the gross domestic product is used in its computation.
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Answer:
b. competitive intelligence
Explanation:
<em>Competitive intelligence is the information a company collects about its rivals, business environment, and industry in order to analyze it to develop more effective business strategies.</em>
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Answer:
c. relatively inexpensive, frequently purchased items for which buyers exert only minimal purchasing effort.
Explanation:
Convenience products refer to goods that people buy all the time and without planning or comparing products. These poducts tend to have a low price and are found in many places. Examples of these products are sugar, oil and detergents. According to this, the answer is that convenience products are relatively inexpensive, frequently purchased items for which buyers exert only minimal purchasing effort.
