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Questions and Answers
Which strategy is concerned with the type, shape, and characteristics of the product?
Which strategy is concerned with the type, shape, and characteristics of the product?
- Pricing strategy
- Distribution strategy
- Product strategy (correct)
- Promotion strategy
Which function is responsible for facility location and production planning?
Which function is responsible for facility location and production planning?
- Marketing function
- Sales function
- Financial function
- Production function (correct)
Which function is responsible for ensuring the flow of goods and services from the producer to the customer?
Which function is responsible for ensuring the flow of goods and services from the producer to the customer?
- Research and development function
- Marketing function (correct)
- Production function
- Human resources function
Which activity is NOT a part of the production function?
Which activity is NOT a part of the production function?
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Which function is responsible for determining prices and discounts?
Which function is responsible for determining prices and discounts?
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Study Notes
Production Function
- Concerned with the type, shape, and characteristics of the product
Operations Management
- Responsible for facility location and production planning
Logistics
- Responsible for ensuring the flow of goods and services from the producer to the customer
Production Function Exclusions
- Research and development is NOT a part of the production function
Pricing
- Responsible for determining prices and discounts
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