The three basic production strategies for addressing the aggregate planning problem are the chase production strategy, the level production strategy, and the mixed production strategy.

A. True

B. False

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.