What are constraints? Provide an example.
What will be an ideal response?
Answers will vary
A constraint is a bottleneck that slows down production or limits a company's ability to provide goods or services that its customers want. Example: For a company with a small warehouse, space in the warehouse limits the amount of product the company can keep on hand and may limit the company's ability to serve its customers.
You might also like to view...
Machinery was purchased on January 1 for $51,000 . The machinery has an estimated life of 7 years and anestimated salvage value of $9,000 . Double-declining-balance depreciation for the second year would be (roundcalculations to the nearest dollar):
a. $6,000 b. $10,500 c. $10,929 d. $10,408
The question that is the objective of the diagnostic and feedback phases of the OD process is:
a. What do we do next? b. What is going on here? c. What is the plan? d. Who is involved?
The gross profit percentage is an indicator of how well a company is positioned to pay off its short-term liabilities
Indicate whether the statement is true or false
How many rooms should be reserved for corporate clients?
A) 17 B) 14 C) 13 D) 10