1. If a company’s production rate (supply) exceeds the demand by customers, the company would most...
1. If a company’s production rate (supply) exceeds the demand by customers, the company would most likely from the following:
- Hire more production employees
- Purchase more production machinery
- Increase the price of the product
- Increase promotion
2. If a company’s production rate (supply) exceeds the demand by customers, the company would most likely from the following:
- Decrease sales promotion
- Add new features to the product
- Decrease distribution
- Hire temporary production workers
Homework Answers
1. D. Increase promotion
If the supply is more than the demand, then the organization needs to conduct aggressive marketing and promotion to increase the demand of the product.
2. B. Add new features to the product
This will help the product increase it's demand by having better and new facilities and will attract more demand as well.
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