Which Term Refers to All the Activities Involved in Making

question 57

Multiple Choice

Which term refers to all the activities involved in making products-goods and services-for customers?

• A) operations
• B) processes
• C) planning
• D) scheduling
• E) performance

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Definitions:

Total Utility

The total satisfaction or benefit received by consuming a specific quantity of a good or service.

Units of Utility

A measure of satisfaction or pleasure that a consumer receives from consuming a product or service.

Utility

In economics, a measure of satisfaction or happiness that a consumer derives from the consumption of goods and services.

Satisfaction

The fulfillment of one's needs or the pleasure derived from consuming goods or services.