As Products Are Made,capacity Is Used Up

question 37

Essay

As products are made,capacity is used up.Managers must allocate the constrained resource to products so as to maximize the company's contribution margin.
a.List three limited resources that can constrain business operations.
b.How should managers determine the best way to allocate constrained resources among products or operations?

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Definitions:

Developmental Purposes

Objectives focused on growth, improvement, and learning for individuals or organizations.

Team Evaluations

The process of assessing the performance and effectiveness of a group working together towards common objectives.

Work Unit

A division or segment within an organization that has a specific function or task, often consisting of a team of employees.