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The video tutorial explains how to edit a PDF using the built-in Preview app on a Mac. To add text annotations, go to Tools, then Annotate, and select Text. You can customize the text bubble by resizing and changing colors. Operations management is defined as the management of activities and resources that create goods and services. The text can be edited by highlighting, changing colors, adjusting text size, and aligning text. Preview on a Mac offers versatile editing options for PDF documents.