Step 1: The complete oxidation of glucose occurs in four main stages:
Glycolysis
Conversion of pyruvic acid to acetyl CoA
Krebs cycle
Electron Transport Chain (ETC)
Step 2: Glycolysis and Krebs cycle produce only a small number of ATP molecules by substrate-level phosphorylation.
Step 3: Most of the reduced coenzymes (NADH and FADH$_2$) are formed during glycolysis, pyruvate oxidation, and Krebs cycle.
Step 4: These reduced coenzymes donate electrons to the Electron Transport Chain, where a large proton gradient is created across the inner mitochondrial membrane.
Step 5: ATP synthase uses this proton gradient to synthesize the maximum number of ATP molecules from ADP by oxidative phosphorylation.