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7 Cards in this Set
- Front
- Back
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special-order decisions
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short-run pricing decisions in which management must decide what sales price is appropriate when customers place orders that are different from those placed in the regular course of business (one-time sale to a foreign customer, etc.)
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make-or-buy decisions
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short-term decisions to outsource labor or purchase components used in manufacturing from another company rather than to provide services or to produce components internally
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vertical integration
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accomplished when a company is involved in multiple steps of the value chain
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constraint
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a restriction that occurs when the capacity to manufacture a product or to provide a service is limited in some manner
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resource utilization decision
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a decision requiring an analysis of how best to use a resource that is available in limited supply
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theory of constraints
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a management tool for dealing with constraints, identifies and focuses on bottlenecks in the production process
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bottlenecks
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production-process steps that limit throughput or the number of finished products that go through the production process
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