The Text Views Operations Management in Several Different Ways

question 7

Multiple Choice

The text views operations management in several different ways.One acceptable view of operations management is as a

• A) corporate function in which the best way to finance corporate assets is determined.
• B) system wherein inputs pass through one or more operations and are transformed into outputs (goods or services).
• C) set of decisions related to budgeting the annual resources between different functional areas.
• D) set of decisions related to product pricing and marketing.

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Definitions:

Sales Force Incentives

Rewards or compensation methods used to motivate sales personnel to achieve sales targets or specific performance goals.

Customer Orders

Requests made by customers for the purchase of goods or services offered by a business.

Demand Stability

The condition in which the demand for a product or service does not experience sudden large fluctuations over time.

Learning Within Organizations

Processes or activities through which individuals and groups acquire, share, and apply knowledge and skills to improve organizational effectiveness.