Describe the following terms in your own words and why they, Operation Management

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Describe the following terms in your own words and why they

Describe the following terms in your own words and why they are important to a manufacturing, retail, or service company ? 1. Product Cost 2. Period Cost 3. Fixed Cost 4. Variable Cost 5. Relevant Range 6. Cost Behavior 7. Opportunity Cost 8. Sunk Cost 9. Direct Material Cost 10. Direct Labor Cost

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Operation Management: Describe the following terms in your own words and why they

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