A Constraint Is

question 13

Multiple Choice

A constraint is:

• A) A limited resource that is not binding in that it does not slow down the manufacturing or service delivery process
• B) A limited resource that restricts an organization's ability to provide enough products or services to satisfy demand
• C) A service that an organization has decided to discontinue
• D) A product that an organization has decided to discontinue

Understand the types of demand (dependent and independent) and their influence on the supply chain.

Grasp the strategies for balancing supply and demand in manufacturing.

Distinguish between internal and external balancing methods.

Comprehend the different types of demand fluctuations and their causes.

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Definitions:

Random Activity

An action or series of actions taken without a specific plan, pattern, or purpose, often leading to unpredictable outcomes.

Sales-oriented

A business approach that prioritizes selling products and services as its primary objective, often focusing on high sales volume and short-term outcomes.

Great Depression

Refers to a severe worldwide economic downturn that took place during the 1930s, marked by widespread unemployment and financial hardship.

Marketing Mix

A model consisting of the four Ps (Product, Price, Place, Promotion) used to consider the key elements in marketing strategies and activities.