Evaluate the following statements:

$=$

IV

When graphed, a chase production plan will result in a linear line given any demand.

Unlimited warehouse space makes it difficult to implement a level plan.

Hiring and Firing costs are of no concern in a chase plan.

Backorder costs are of primary concern in a chase strategy.

Which of the following is correct?

$$ I and IlI

$$ Il and IV

$1,$ Il and Ill

$1,$ Ill and IV

neither I, II$,$ Ill nor IV are