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Questions and Answers
process of transforming inputs into outputs
process of transforming inputs into outputs
Operations Management
are the resources used to create outputs such as labor, materials and capital.
are the resources used to create outputs such as labor, materials and capital.
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Study Notes
Production Process
- The process of transforming inputs into outputs is a fundamental concept in production.
Inputs
- Inputs are the resources used to create outputs.
- Examples of inputs include:
- Labor
- Materials
- Capital
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