The make-to-stock manufacturing (MTS) strategy can be described as producing products to put into stock based on a demand forecast.
In this strategy, companies do not maintain productive stability over a period of time, but adjust their manufacturing strategy according to times when demand can increase or decrease.
Some advantages of the make-to-stock strategy are:
- Economy of scale.
- Waste reduction.
- Efficiency in the use of resources.
- Increased response time.
So this is an effective manufacturing strategy for companies that can accurately forecast their demand.
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Answer:
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Answer:
a. Cost Leadership
Explanation:
Porter five forces of the model refers to the rivalry among competitors, bargaining power of suppliers, bargaining power of buyers, the threat of new entrants, the threat of substitution.
The competition between rivals deals with the competitors ' strengths and weaknesses so that the business does the planning appropriately.
The supplier's bargaining power indicated that the shift in the price of the product caused by the supplier's offer and the consumer is motivated to the product as the product is special which affects the overall profit
The buyer's bargaining power relates with the number of buyers and how many orders a single buyer places.
The threat of new entrants will affect the company's total position if the competitor comes on the market.
The threat of substitution is an alternate way of producing the goods and services that can also weaken your position and have a direct impact on profitability.
The pattern that is being referred to above is called the NARRATIVE PATTERN. If a speech contains a story or a series of short stories in it, and only includes a vivid imagery, the setting, plot and characters, then this would fall in the narrative pattern. Narrative means to narrate or to tell something according to the other of when it happened.
C. Innovation is the creation of new, original ideas. Inventors are usually described as innovative. New inventions create new markets.
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