Quizlet What happened in this situation? Lead time was shorter than expected Demand increased unexpectedly None of these are correct Lead time was longer than expected Demand decreased unexpectedly
Lead time is the time when the process of the manufacturing of the good starts till the time the manufacturing process comes to an end and the good is ready.
Shorter the lead time, easier it would be to produce more goods and meet the demand of the consumers for that particular goods.
But if the lead time is more, then the supply of the good would not be very fast and therefore the demand of the goods would not be met very easily.
