Answer:
The correct answer is: Chase strategy.
Step-by-step explanation:
The chase strategy is a production planning approach that consists in producing according to the demand level of the market. Industries implementing this practice work based on orders. As soon as they receive an order they start processing the goods and once the production is over, the operations stop.
This strategy is helpful while saving inventory costs and is mostly used by perishables industries that cannot afford the risk of loss or unsold products.