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Questions and Answers
What is the primary responsibility of operations within a business organization?
What is the primary responsibility of operations within a business organization?
- Managing financial resources
- Marketing products
- Conducting market research
- Producing goods or services (correct)
Which of the following best defines operations management?
Which of the following best defines operations management?
- Coordinating marketing strategies and campaigns
- Handling financial investments and returns
- Overseeing the production of goods and services (correct)
- Managing customer relations and satisfaction
What does a supply chain encompass?
What does a supply chain encompass?
- Exclusive relationships with suppliers
- A singular organization providing services
- Only the manufacturing processes
- A series of activities and organizations involved in delivering a good or service (correct)
In operations management, which of the following aspects is primarily emphasized?
In operations management, which of the following aspects is primarily emphasized?
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Which of the following would NOT typically be considered a part of operations in a business?
Which of the following would NOT typically be considered a part of operations in a business?
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Study Notes
Operations
- The part of a business organization that is responsible for producing goods or services.
Operations Management
- The management of systems or processes that create goods and/or provide services.
Supply Chain
- A sequence of activities and organizations involved in producing and delivering a good or service.
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