Q. The Quilt Shop, Inc. periodically reviews the goals of the company. During the process, the Quilt Shop managers analyze their present strategies as compared to their competitors, describe goals which they will pursue also decide upon specific actions for each area of the organization to take in pursuit of these goals. With these actions the Quilt Shop managers are engaged in the management function.
Q. Illustrates what capacity planning involves acquisition or disposal of fixed assets like buildings, equipment or facilities?