Examlex
In the context of global competition, which of the following countries had adopted new techniques that focused on improving the quality of products as early as the 1970s?
Production Constraint
A limitation or bottleneck in a manufacturing process that affects the overall output.
Contribution Margin Ratios
The proportion of sales revenue that remains after variable costs are subtracted, indicating how well a company can cover fixed costs and generate profits.
Constrained Resource
A factor within a production or operation process that limits the overall output, such as limited machinery, labor, or materials.
Direct Labour-Hours
The total hours worked by employees directly involved in the manufacturing process, used as a basis for assigning labor costs to products.
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