Question $1(2$ points$)$

All the following statements are true, except:

When a company pursues a lagging strategy, it increases its capacity only when there is a sizeable increase in demand

A leading capacity capacity strategy can preempt expansion by competitors by announcing a large capacity expansion

A lagging capacity strategy minimizes the chances of lost sales due to insufficient capacity

A leading capacity strategy involves large, infrequent jumps in capacity, where a wait$-$and$-$see strategy involves smaller, more frequent jumps

A leading capacity, which stays ahead of demand, minimizes the chances of sales lost to insufficient capacity.