Load & Capacity - Describe load & demand and understand the relationship between both terms
3 important questions on Load & Capacity - Describe load & demand and understand the relationship between both terms
Describe what demand is
- Willingness and ability to purchase a commodity
- The quantity of a commodity or service that is wanted at a specific time
- Requirement of work or the expenditure of a resource
Describe what load is
- The quantity that can be carried at one time by a specific means
- Whatever is put in a ship or vehicle for conveyance: CARGO
- A burdensome or laborious responsibility
What happens when customers demand?
It created load for a company, a company will load its personnel/machinery to fulfill customer's demand
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