Which of the following accurately describes a chase strategy?
a) The firm produces the same amount each day over the planning period and deals with the variations in demand with inventory or overtime.
b) The firm produces at the same level for several months, and then adjusts production to another level and produces at that level for several more months.
c) The firm produces exactly what is needed each month
d) None of the listed answers accurately describes
e) All of the listed answers could describe the strategy depending on the organization.