Operations Management Is Applicable

question 103

Multiple Choice

Operations management is applicable:

• A) mostly to the service sector.
• B) to services exclusively.
• C) mostly to the manufacturing sector.
• D) to all firms, whether manufacturing or service.
• E) to the manufacturing sector exclusively.

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Definitions:

Transnational Corporations

Entities that operate in multiple countries, extending their operations and market reach beyond national borders.

Business Plan

A document that outlines the strategic direction, objectives, and operational activities of a business for a specific period.

Acquiring Resources

The process of obtaining necessary materials, capital, personnel, or other assets required to undertake a project or run a business.

Sweatshop

A place of employment that has poor, socially unacceptable working conditions, often with unreasonably low wages.