A hybrid strategy that combines the advantages of level and chase strategies,enabling firms to select options that influence both the demand and supply of their products,is a ______.
A)product strategy
B)mixed strategy
C)dual strategy
D)collaborative strategy

Question

Quizplus · Accepted Answer

A mixed strategy combines the benefits of both level and chase strategies, providing a more flexible approach for businesses. It allows for managing both supply and demand by adjusting inventory levels and production capacity, depending on the market conditions. This strategy helps businesses meet changing customer demands while ensuring optimal utilization of resources. Product strategy pertains more to the features and qualities of a product, while dual strategy and collaborative strategy do not relate to inventory and production management.

A Hybrid Strategy That Combines the Advantages of Level and Chase