Lost opportunity costs and out of pocket costs

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Reference no: EM132212015

Describe the management decision errors in “lost opportunity costs” and “out of pocket costs” associated with matching process pattern and product mix. Why is it necessary to match the product and process of life cycles? 3. What characteristics of a service organization make it more difficult to manage and control (from operations viewpoint) as compared with a manufacturing organization?

Reference no: EM132212015

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