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Which type of lamp are the following: Low-pressure sodium lamp, mercury-vapor lamp, metal-halide lamp, high-pressure sodium lamp?
Machine Hours
A measure of the amount of time a machine is operated, used as a basis for allocating manufacturing overhead to products.
Theory of Constraints
A management paradigm that focuses on identifying and addressing the most significant limiting factor (constraint) that hinders achieving a goal, and systematically improving that constraint until it is no longer the limiting factor.
Contribution Margin
Contribution margin is the amount by which a product's sales price exceeds its total variable costs, indicating how much contributes to covering fixed costs and generating profit.
Bottleneck Process
A bottleneck process is a stage in production that reduces the efficiency of the operation due to limited capacity, slowing down the overall process flow and impacting productivity.
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