GB 519 RANK Career Path Begins/gb519rank.com GB 519 RANK Career Path Begins/gb519rank.com | Page 50

Student Answer:
Developing competitive constraints.
Finding and eliminating design constraints.
Removing bottlenecks from the production process.
Improving overall production efficiency.
Question 3. Question : Generally, firms will price a product
more competitively at which
stages of the product's sales life cycle?
Student Answer:
Product introduction and Growth.
Maturity and Decline.
Throughout the cycle.
At the end of the life cycle.
UNIT 5 QUIZ
Question 4. Question : Throughput margin is defined as sales
less:
Student Answer:
Direct labor costs.
Direct material costs.
Direct labor and material costs.