Define the term constraints and give an example. What product should be made first when resource constraints exist?
What will be an ideal response?
Constraints are the limited resources that restrict production or sale of a product, and they vary from company to company. For a manufacturer, production may be constrained by labor hours, machine hours, or available materials. For a merchandiser, the primary constraint is cubic feet of display space. When resource constraints exist, the company should focus on selling the products with the highest contribution margin per unit of the constraint.
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When doing a neighborhood analysis which of the following would NOT be an appraisal factor:
A. Size of the lots in the neighborhood. B. Racial composition of the neighborhood. D. Sale prices of homes in the neighborhood.
Alexis is culturally intelligent, as indicated best by which one of the following behaviors she exhibits on a business trip to South Korea?
A) Alexis chooses a South Korean delicacy during a restaurant meeting. B) Alexis announces how many South-Korean made products she has in her household plus her Kia sedan. C) Alexis figures out how much to touch a South Korean work associate during an introduction. D) Alexis quickly learns the conversion rate between the U.S. dollar and South Korean currency.