Podcast
Questions and Answers
Competitiveness is the effectiveness of an organization in the marketplace relative to ______ competitors.
Competitiveness is the effectiveness of an organization in the marketplace relative to ______ competitors.
direct
[Blank] are the resources used to create outputs such as labor, materials and capital.
[Blank] are the resources used to create outputs such as labor, materials and capital.
Inputs
Productivity is the effective use of ______.
Productivity is the effective use of ______.
resources
Study Notes
Key Concepts in Business
- Competitiveness refers to the effectiveness of an organization in the marketplace relative to its competitors.
- Factors of production are the resources used to create outputs such as labor, materials, and capital.
- Productivity is the effective use of factors of production.
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Description
Test your knowledge on operations management, competitiveness, strategy, and productivity with this quiz! Review the basic definition of operations management and learn about the importance of inputs and outputs. Explore the concept of competitiveness and how it relates to the effectiveness of an organization in the marketplace. Understand the role of strategy in achieving organizational goals and learn how to improve productivity. This quiz is perfect for students or professionals looking to enhance their understanding of these fundamental concepts.
