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4 Cards in this Set
- Front
- Back
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batch-level costs
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the costs associated with producing a batch of products
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bottleneck
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a constraint that limits a company's capacity to product or sell its products, such as a piece of equipment that cannot produce enough component parts to fully occupy employees on the assembly department
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opportunity cost
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cost of lost opportunities such as revenue forgone because of insufficient inventory
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relaxing the contraints
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opening bottlenecks that limit the profitable operations of a business
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