Production and Operations Management Involves Three Main Types of Decisions

question 64

Multiple Choice

Production and operations management involves three main types of decisions that are made at three different stages.The final stage of operations management focuses on:

• A)production planning
• B)improving production and operations
• C)the establishing of critical paths
• D)inventory control
• E)production control

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Definitions:

Identifying Competitors

The process of analyzing other businesses that offer similar products or services and compete for the same customer base or market share.

Ideological Frame

A set of beliefs, values, and ideas that shapes the way individuals or groups understand and interpret their social world.

Firm's Backstory

The history or narrative behind a company, explaining its origins, evolution, and the rationale for its existence.

External Analysis

The process of evaluating external factors that could affect an organization's performance, including market trends, competition, and political, economic, social, technological, environmental, and legal factors.