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Which Term Refers to the Flow of Information,materials,and Services from Raw-Materials

question 3

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Which term refers to the flow of information,materials,and services from raw-materials suppliers through stages in the operations process until the product reaches the end customer?


Definitions:

Fixed Costs

Expenses that remain constant regardless of the amount of goods produced or sold, including lease payments, wage expenses, and insurance fees.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life.

Fixed Costs

Business expenses that remain constant regardless of changes in production volume, such as rent, salaries, and loan repayments.

Variable Cost

Costs that vary in direct proportion to changes in the level of production or sales.

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