limiting factor

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Fig. 51 Limiting factor. Contributions and constraints.

limiting factor

or

key factor

the critical constraint upon a firm's budgeted activity level. In most circumstances the limiting factor will be the amounts that the company can sell, but in certain cases the limiting factor might be shortage of production capacity, shortages of particular raw materials or the like. Here planning will be aimed at devising a sales programme which generates maximum profit from these limited resources. For example, Fig. 51 shows how a firm with limited production capacity might seek to maximize its CONTRIBUTION by concentrating upon production of the product which requires fewer direct labour hours to make. See BUDGET, BUDGETING, LINEAR PROGRAMMING.
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Other key factors included the economy (19%), immigration (15%), and education (11%).
POOR management decisions and the last Labour government's light-touch regulatory regime were key factors in the near-collapse of Royal Bank of Scotland, according to a long-awaited report by the City watchdog.
A long-awaited report by the City watchdog says poor management decisions were a key factor in the near-collapse of Royal Bank of Scotland.
Another key factor for committee effectiveness is the development of a series of core beliefs, which serve as a guide for decision-making and to ensure that all members of the committee share common values and assumptions.
A key factor is having the parts on hand needed to fix the equipment.
Playmaker: A key factor in the title game will be Desert's ability to contain Ontario Christian running back Drew Robinson (2,115 rushing yards, 42 touchdowns).
To illustrate this key factor for tape pricing, for example, consider the following configuration.
If the variability of mortality caused by this factor is sufficiently large, it can be confirmed that the factor is a key factor.
These investments were the second key factor in our industry's growth -- and in the broad-based growth that manufacturing experienced during this time.
A key factor in this shift is the degree and quality of institutional support that will allow these changes to take place.
The problem is, however, that the specific ways the concept of key factors is translated into certain statistical indices to identify such factors (henceforth, the key factor indices) do not live up to the principle.
Young: Knowledge of the codes is probably the key factor, and Brad's firm did an exceptional job of code review.