Question: Visit Wikipedia (address: https://en.wikipedia.org/wiki/Postponement). This part discusses postponement strategy. Read it carefully and compare postponement strategy with the following strategy and discuss similarities and differences of the two strategies.

A fashion company decides to market denim jeans in unusual colors: lightning green, electric orange and shocking red. The company buys denim and dyes it in each of the three colors. The next step is producing the jeans - which involves cutting, sewing, etc. - in each of the three colors. In year 1, the company expected demand for each product to be approximately the same and produced 100,000 units of each product. However, the electric orange jeans were a runaway success (demand was 250,000), while the other two colors sold only 25,000 units each. It is unclear which color will catch on next year, and the company wants to avoid facing the same problem. As a result, they decide to reverse their operations, producing basic white denim jeans first, and then dyeing them in different colors. Assume that sufficient capacity exists in both operations, and the dyeing operation is a very simple and quick process