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Identify and discuss the five steps to the Issues Management Process.
Incremental Revenue
Additional income received from increasing business activities or sales volumes, often analyzed to decide on new projects or expansions.
Machine Hours
A measure of the amount of time a machine is utilized during the production of goods, often used to allocate manufacturing overhead.
Productive Capacity
The maximum output a system can produce over a given period under normal conditions, reflecting its efficiency and effectiveness.
Variable Costs
Costs that change in proportion to the level of activity or volume of production within a business.
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