What term describes restrictions that limit a company's ability to pursue its objectives?

The term that describes restrictions limiting a company's ability to pursue its objectives is "constraints." In the context of quantitative analysis and operations research, constraints are conditions that must be met for a solution to be feasible. They can take various forms, such as budget limits, resource availability, or regulatory requirements, and they guide the decision-making process by defining the boundaries within which a company must operate to achieve its goals.

Constraints are particularly significant in optimization problems, where a business is trying to maximize or minimize an objective function, such as profit or costs, while adhering to these restrictions. Understanding constraints is crucial for effective planning and strategy execution, as they directly affect what actions can realistically be taken to attain business objectives.