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Questions and Answers
What are the 4Ms of Operations according to the text?
What are the 4Ms of Operations according to the text?
- Management, Marketing, Money, Maintenance
- Make, Model, Market, Methodology
- Man, Machine, Material, Method (correct)
- Machinery, Maintenance, Manufacturing, Marketing
How are the 4Ms of Operations relevant to business opportunities?
How are the 4Ms of Operations relevant to business opportunities?
- They are relevant only to product design and quality defect prevention
- They have no relevance to business opportunities
- They are critical domains applicable to business opportunities (correct)
- They are only relevant to manufacturing industries
Why is manpower considered critical when putting up a business?
Why is manpower considered critical when putting up a business?
- It is one of the 4 critical domains of operations (correct)
- It is the most important factor for business success
- It is the only factor that affects business operations
- It is not critical for business success
What does the 4Ms of operation emphasize in a business plan?
What does the 4Ms of operation emphasize in a business plan?
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In what industries is the 4Ms of operation method used?
In what industries is the 4Ms of operation method used?
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