Which of the Following Is NOT Part of Operations Management

question 6

Multiple Choice

Which of the following is NOT part of operations management?

• A) Purchasing
• B) Hiring and firing
• C) Logistics
• D) Distribution
• E) New product development

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Definitions:

Lower-Income

Describes individuals or families that earn significantly less money than the average for their society or community.

Affluent

individuals or groups characterized by having a significant amount of wealth and resources at their disposal.

House Money Effect

The tendency for individuals to take greater risks when investing or gambling with money that was won or received unexpectedly, as opposed to their own hard-earned money.

Problem Recognition

is the initial stage in the consumer decision process where a consumer identifies a need or problem that requires satisfaction or solution.