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A Major Difference Between Manufacturing and Service Systems in Terms

question 6

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A major difference between manufacturing and service systems in terms of scheduling is


Definitions:

Allocation

The process of assigning resources or goods to various uses or individuals in an economy.

Demand For Product

The desire or need for a product combined with the capacity and willingness to pay for it, which can influence its market price.

Costs Of Production

The aggregate cost of producing a product or delivering a service, encompassing the price of raw materials, workforce, and indirect expenses.

Industry

A group of firms producing similar products or services that serve the same market.

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