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Which of the Following Is Relevant to Operations and Supply

question 96

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Which of the following is relevant to operations and supply chain management?


Definitions:

Bottleneck

A stage in a process that reduces the efficiency of the overall system due to limited capacity or resource.

Demand

An economic principle referring to a consumer's desire and willingness to pay a price for a specific good or service.

Further Processing

Additional processing or manufacturing operations performed on a product to enhance its value before final sale.

Capacity

The maximum level of output that a company can sustain to produce goods or services under a given set of conditions.

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