Answer: True
Explanation:
The basic production strategies that are known for addressing planning problem are as follow:
1. Chase production strategy : The chase strategy is referred to as the idea that one organization is chasing demand that is set by market.
2. Level production strategy : Level strategy use tends to state that an organization will produce the commodities at constant rate irrespective of demand level.
3. Mixed production strategy : The mixed strategy tends to deal with several objectives at time, such as equating production to forecast-ed demand.
