What Is a Production Constraint

question 52

Multiple Choice

What is a production constraint?

• A) The point in the manufacturing process where the demand for the company's products exceeds its ability to produce the products
• B) A manufacturing strategy used to reduce production cost by eliminating waste of inventory
• C) A manufacturing strategy that focuses on increasing the influence of constraints on production processes
• D) The point in the manufacturing process where total variable costs and total fixed costs equals total revenues

Identify factors that shift the PPF and understand their economic implications.

Understand the concept of "rules of the game" in economics and their impact on productivity and economic growth.

Define productivity and distinguish between different types of productivity measures.

Analyze factors influencing labor and capital productivity.

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Relationship

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The degree to which something is successful in producing a desired or intended result.

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