Operations defined as the process of changing inputs into outputs thereby adding value to some entity. Right quality, right quantity, right time and the right price are the four basic requirements of the customers. And as such, they determine the extent of customer satisfaction. Operations transform resource or data inputs into desired goods, services, or results, and create. And deliver value to the customers.
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A central bank, institution, such as the Bank of England, the U.S. Federal Reserve System, or the Bank of Japan,…