According to the Theory of Constraints, Which of the Following

question 75

Multiple Choice

According to the theory of constraints, which of the following is not a step required to maximize and improve the performance of a value chain?

• A)Identify the constraint.
• B)Decide how to exploit the constraint.
• C)Elevate the performance of the constraint.
• D)Determine the customers' needs and desires.

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Definitions:

Middle Management

A level of management in an organization that is below top executives and above frontline employees, responsible for implementing company policies and strategies.

Focus Strategy

A strategy that concentrates on serving a unique market segment better than anyone else.

Organizational Resources

Refers to the assets, including human, financial, and physical, that an organization can utilize to achieve its objectives.

Customer Group

A specific segment of the market targeted by a company's products, services, or marketing efforts.