Theory of Constraints

question 22

Multiple Choice

Theory of constraints:

• A) Follows the steps in the process.
• B) Follows the processes in the system.
• C) Follows the flow of money.
• D) Follows after process reengineering.

---

Definitions:

Antitrust Laws

Regulations that promote competition by prohibiting monopolies, monopolistic practices, and other unfair business tactics that reduce consumer choice.

Price Leadership

A market strategy where a leading firm sets prices that other firms in the market follow.

Price Cuts

A reduction in the selling price of goods or services, usually to stimulate demand or compete more effectively.

Price War

Successive, competitive, and continued decreases in the prices charged by firms in an oligopolistic industry. At each stage of the price war, one firm lowers its price below its rivals’ price, hoping to increase its sales and revenues at its rivals’ expense. The war ends when the price decreases cease.