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What are some of the ethical and social challenges faced by operations managers?
Selling Price
The amount of money for which a product or service is sold, which can include costs and profit margins.
Margin
In finance, margin refers to the difference between the selling price and the cost of goods sold, often expressed as a percentage of the selling price. In trading, it refers to the collateral required to open and maintain a position.
Cost
The amount of money required to purchase something or the expense incurred to create a product or service.
Overhead Costs
Expenses related to the day-to-day running of a business that are not directly linked to the production of goods or services.
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