During its 5:00 pm to 7:00 pm happy hour on Thursday and Friday, a restaurant offers a 50% discount on all menu-listed appetizers and drinks.| Which of the following aggregate planning options is the restaurant utilizing?

Overtime and undertime refer to adjusting employee work hours to meet production needs. This option focuses on altering labor hours rather than incentivizing customer visits through pricing strategies. In this case, the restaurant is not modifying employee schedules but rather providing discounts to influence customer behavior.

Back orders occur when customer orders cannot be fulfilled immediately due to insufficient inventory, leading to delays. This concept does not apply here as the restaurant is not restricting supply or creating delays; instead, it is actively encouraging consumption through discounts.

Hiring and firing pertain to workforce adjustments based on demand fluctuations. In this scenario, the restaurant is not changing its staffing levels; rather, it is motivating customers to dine in during specific hours. Hence, this option is not relevant to the restaurant's happy hour strategy.