Examlex
The hallmark of the fourth substage of the sensorimotor period, coordination of secondary circular reactions, is the emergence of:
Bottleneck Operations
Stages in the production process that limit the overall output because they have a lower capacity compared to other stages.
Contribution Margin
The amount remaining from sales revenue after variable costs have been deducted, indicating how much contributes to covering fixed costs and generating profit.
Constrained Resources
Resources that limit the company's ability to produce goods or services, often resulting in bottlenecks in the production process.
Opportunity Cost
The benefit, profit, or value of something that must be given up to acquire or achieve something else.
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