Key Terms Instructions: Please Define the Following Key Terms

question 20

Essay

Key Terms Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
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Definitions:

Service Sector

The sector of an economy that is concerned with the production of services rather than goods, including industries like healthcare, education, retail, and financial services.

Mission

The purpose or rationale for an organization’s existence.

OM Decision Areas

Operational Management decision areas involve strategic choices related to the design, operation, and improvement of production and service systems.

Operational Tactics

Short-term actions and strategies implemented to achieve specific objectives within an organization's overall operational plan.