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Explain the transformation process

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Explain the transformation process.

Explain the importance of the costs and revenues associated with the "Input-Output" models.

Identify what variable and fixed costs and Explain the importance of each one.

Explain why the formula P = R-C is used in the Input-Output Profit Model.

Explain the meaning of the acronym of this formula (P = R-C).

Mention and explain the four (4) stages of operations management.

State your opinion on the subject presented.

Reference no: EM131735537

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