Please Define the Following Key Terms

question 93

Essay

Please define the following key terms. Show Who? What? Where? When? Why Important?
-Cecil Rhodes

---

Definitions:

Operations Management

The administration of business practices aimed at ensuring maximum efficiency within a company, focusing on managing processes, materials, and people effectively.

Service Attribute

A feature or characteristic that adds value to a service, influencing customer satisfaction and preferences.

Intangible Product

A product that cannot be touched or physically measured, such as digital goods, services, or intellectual property.

Easy To Store

A characteristic of goods or materials that allows them to be stored without requiring special conditions or large amounts of space, making them convenient for inventory management.