Hello, could you give the solution for Matching Supply with Demand an Introduction to Operations Management 3rd edition, Chapter 17 problem 4PPQ ( Selling Grills ), please? Thank you!
Solution
When product is finalized and it makes its first approach in the market, then poeple judge it based on the quality, reliablelity and robustness. If it passes the people\'s expectations then demand arises. And eventually the supply and demand cycle continues.
There are many things going on within the organization to meet its target and reduce the manufacturing cost of the product so that it can be supplied to or can be afforded by common people or depending on the class also many times products are desgined and manufactured. But the main aim of any organization is to keep reducing the manufacturing cost to sustain the market and run its cycle of Supply and Demand.
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