What does over capacity mean?
Definition of overcapacity : excessive capacity for production or services in relation to demand.
What is the meaning of low capacity?
1 the ability or power to contain, absorb, or hold. 2 the amount that can be contained; volume.
What does any capacity mean?
in any capacity means that a person can exercise a public function even without a formal or regular appointment (“de facto” public servant), the relationship existing between the Public Administration and the person who performs the service being irrelevant.
What does I am at capacity mean?
the ability to understand or learn; aptitude; capability. he has a great capacity for languages. 5. the ability to do or produce (often in the phrase at capacity) the factory’s output was not at capacity.
What does over capacity mean in business?
What Is Excess Capacity? Excess capacity is a condition that occurs when demand for a product is less than the amount of product that a business could potentially supply to the market. When a firm is producing at a lower scale of output than it has been designed for, it creates excess capacity.
What does capacity mean in business?
Capacity is the maximum level of output that a company can sustain to make a product or provide a service. Planning for capacity requires management to accept limitations on the production process.
What does speaking in capacity mean?
a particular position or job; a role: She was speaking in her capacity as a judge.
What does capacity mean on a form?
Refers to the signers official job identity when signing a document. A signer could sign in the capacity of themself as an individual, or as a president of a particular company. Being an attorney is another common capacity.
Is excess capacity good or bad?
Overcapacity is a state where a company produces more goods than the market can take. Everything in excess is called excess capacity and it is not good for the industry and the market.
Under what circumstances does a firm operate with excess capacity?
Excess capacity refers to a situation where a firm is producing at a lower scale of output than it has been designed for. Context: It exists when marginal cost is less than average cost and it is still possible to decrease average (unit) cost by producing more goods and services.
What is product capacity?
What is employee capacity?
More specifically, “capacity” is the maximum amount of work that can be completed in a given period. Capacity is often measured in hours available to be worked by employees. And in this context, “planning” is the act of scheduling employee hours against a fixed or expected amount of work.
What does undercapacity mean?
/ ˌʌndəkəˈpæsəti / us a situation in which companies in an industry are making and supplying fewer products than customers buy or are expected to buy: Given the attractiveness of the venue, this undercapacity can be expected to continue in the medium term.
What is the difference between undercapacity and excess capacity?
If the operating rate is high, this is called undercapacity, while if the operating rate is low, a situation of excess capacity or surplus capacity exists. This example is from Wikipedia and may be reused under a CC BY-SA license.
What does capacity mean?
English Language Learners Definition of capacity : the ability to hold or contain people or things : the largest amount or number that can be held or contained
What is the difference between full capacity and below capacity?
All our factories are working at ( full) capacity (= are producing goods as fast as possible). We are running below capacity (= not producing as many goods as we are able to) because of cancelled orders. The last five years have seen a huge increase in the country’s export capacity.