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Why might a firm not be able to react quickly to competitors' pricing moves?
Future Cash Receipts
Money expected to be received by a business or an individual in the future from transactions or agreements.
Bottleneck
A point of congestion in a production system where the demand outpaces the production capacity, leading to delays and reduced throughput.
Cross-Trained Employees
Individuals within an organization who have been trained in multiple skills or tasks, allowing them to perform a variety of roles as needed.
Throughput
The rate at which goods or services are produced or processed in a system.
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