What Is the Name of the Model That Describes Operations

question 18

Multiple Choice

What is the name of the model that describes operations in terms of their input resources, transforming processes and outputs of goods and services?

• A) Transformation process model
• B) Slack operations model
• C) Five forces model
• D) Operational process model

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Definitions:

Marginal Cost

The price of creating an additional unit of a product or service.

Profit-Maximizing

The process or strategy aimed at achieving the highest possible profit from activities, considering both revenue and costs.