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What were the effects of the Columbian Exchange?
Machine Capacity
The maximum amount of work that a machine or plant can produce in a given period, usually measured in units of output.
Aggregate Planning
A marketing activity that does an aggregate plan for the production process, in advance of 6 to 18 months, to give an idea to management as to what quantity of materials and other resources are to be procured and when.
Overtime
Additional hours worked beyond the standard work schedule, usually compensated at a higher rate.
Subcontracting
The practice of assigning specific tasks, projects, or production processes to external firms to leverage specialized capabilities or manage capacity.
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