Asked by Stephanie Springstroh on Jun 10, 2024
Verified
Whether the optimal level of availability is high or low depends on where a particular company believes they can maximize profits.
Optimal Level
The most advantageous point or degree of something for a specific purpose or outcome.
Maximize Profits
The strategy or efforts undertaken by a business to increase its income to the highest possible level.
- Recognize the strategic importance of optimal product availability in maximizing profits.
Verified Answer
TM
Thivaan MuniandyJun 12, 2024
Final Answer :
True
Explanation :
The optimal level of availability will vary for different companies based on their business strategies and goals. Some companies may prioritize high availability to provide a better customer experience, while others may prioritize cost savings over availability. Therefore, whether the optimal level of availability is high or low depends on the company's specific objectives and market conditions.
Learning Objectives
- Recognize the strategic importance of optimal product availability in maximizing profits.
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