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The Second Step in Theory of Constraints Application, "Exploit the Bottleneck(s)

question 33

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The second step in Theory of Constraints application, "exploit the bottleneck(s) ," means that the analyst should:

Recognize the adaptations required by neonates immediately after birth.
Understand the processes involved in multiple births.
Understand the characteristics and identification of gifted individuals.
Grasp the basics of infant intelligence testing and its predictive value.

Definitions:

Marked Down

Refers to products that have their prices reduced, usually to encourage quick sales or clear out inventory.

Demand Increase

A rise in the quantity of a product or service that consumers are willing and able to purchase at a given price over a certain period of time.

Maintained Markup

The difference between the retail price and the cost of an item to the retailer, maintained as a percentage of the retail price.

Retail Picture Frame Store

A retail business specializing in the sale of frames for pictures, artwork, and documents, catering to both consumers and professionals.

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