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Recognizing Constraints
The process of identifying and acknowledging the limitations or restrictions that impact the efficiency and effectiveness of a system, project, or process.
Managing Constraints
The methodical process of identifying, analyzing, and addressing limitations that hinder achieving objectives in operations or projects.
Break Even
The point at which total revenues equal total costs, resulting in neither profit nor loss.
Variable Costs
Costs that change in proportion to the level of activity or volume of production in a business.
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