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Write an answer in 40-100 words.Compare level and chase strategies on the basis of their advantages and disadvantages. (40–100 words)

Question

Write an answer in 40-100 words.Compare level and chase strategies on the basis of their advantages and disadvantages. (40–100 words)
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Solution 1

Level strategy maintains a steady production rate and a stable workforce. It's advantageous as it reduces costs related to changes in production levels, but it may lead to stockouts or excess inventory. Chase strategy aligns production with demand, reducing inventory costs but potentially increasing Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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