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Questions and Answers
What is the main focus of operations strategy?
What is the main focus of operations strategy?
- Minimizing production time
- Maximizing the net present value (NPV) of profits (correct)
- Maximizing sales revenue
- Minimizing costs for not-for-profit organizations
What does operations strategy aim to achieve for not-for-profit organizations?
What does operations strategy aim to achieve for not-for-profit organizations?
- Maximizing the net present value (NPV) of profits
- Minimizing production time
- Maximizing sales revenue
- Minimizing costs (correct)
What is the primary task of operations strategy?
What is the primary task of operations strategy?
- Designing the operating system (correct)
- Minimizing supply chain costs
- Maximizing production output
- Maximizing sales revenue
What does operations management focus on in terms of organization's strategy implementation?
What does operations management focus on in terms of organization's strategy implementation?
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What does operations strategy aim to align with the organization’s desired competitive position?
What does operations strategy aim to align with the organization’s desired competitive position?
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