Examlex
"The lawyers have okayed this," is a signal that the decision/action is legal and ethical.
Variable Costs
Costs that vary in total in direct proportion to changes in the level of activity or volume of output produced.
Constraint
A limitation or restriction that affects an organization's ability to achieve its objectives, such as limited resources or time.
Production Bottleneck
A point in the manufacturing process where the demand for a company’s product exceeds the ability to produce the product. Also referred to as a constraint.
Markup Percentage
The percentage added to the cost of a product to determine its selling price.
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