Explain the transformation process.
Explain the importance of the costs and revenues associated with the "Input-Output" models.
Identify what variable and fixed costs and Explain the importance of each one.
Explain why the formula P = R-C is used in the Input-Output Profit Model.
Explain the meaning of the acronym of this formula (P = R-C).
Mention and explain the four (4) stages of operations management.
State your opinion on the subject presented.