A smartphone assembly plant is currently producing only half the number of phones it is designed to make per day. The reason for this is a global shortage of microchips, a critical component. This situation is a clear example of low capacity utilization caused by insufficient consumer demand.
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A modern automobile factory is designed to operate 24 hours a day, using three shifts of workers. Currently, the factory is only running one shift, producing far fewer cars than its maximum potential. The factory's management has stated that they could easily hire more workers and purchase more raw materials to run additional shifts. Which of the following statements best explains why the factory is operating at this reduced level?
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A smartphone assembly plant is currently producing only half the number of phones it is designed to make per day. The reason for this is a global shortage of microchips, a critical component. This situation is a clear example of low capacity utilization caused by insufficient consumer demand.
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