The capacity at Teracycles facilities is sometimes stretchedand sometimes under $-$utilised. Draw up a briefing paper on potential approaches for managing capacity. It should consider the industry and not restricted to current practices at Teracycles. Within your briefing paper you should:$1.$ Identity different causes for changes in capacity. $(10$ Marks$)($intoduction to capacityCapacity utilization through understanding of supply and demandWhat is the tole of supply and demand in adjusting with the capacity managemnetExamples of capacity shift due to pandemic and market shiftGrapgh to show the market shift of terracycle $)2.$ Identity a wide range of different approaches tomanaging capacity. $(10$ Marks$)($Explain level capacity with advantage and disadvantage to terracycle companyExplain what is chase demand what is advantage and disadvantagefor terracycleWhat is dekand managementadvantage disadvantage for terracycle company$)3.$ Discuss those approaches in relation to the organisation$/$ industry. Evaluate how appropriate the approaches are and give examples of how they would work. $(20$ Marks$)$Discuss the $5$ aproaches $1)$ level capacity$2)$ chase demand$3)$ lead strategy$4)$ lag strategy$5)$ match strategyfor each approaches if terracycle have it what is there advantage and disadvantage and should terracycle use it or not use it $?$Give reason for each if theyshould use it or not use it what is the benefit of using or ehat is the impact of not using $)4.$ Recommend one action based on your analysis and explain how this could be implemented. $(10$Marks$)$