Only Product Firms Have an Operations Process

question 6

True/False

Only product firms have an operations process.

---

Definitions:

Financial Advantage

This term refers to the benefits gained in financial terms, which could include lower costs, higher revenues, or any other aspect that improves a company's financial position.

Unit Price

The cost per single item or unit, facilitating cost comparisons and financial analysis.

Outside Supplier

An external entity that provides goods or services to another organization.

Selling Price

The amount for which a product or service is sold to the customer.