In Operations Management, Using Resources to Create Value by Providing

question 28

Multiple Choice

In operations management, using resources to create value by providing customers with goods and services that offer a better relationship between price and perceived benefits is known as _____.

• A)effectiveness
• B)efficiency
• C)throughput
• D)productivity

---

Definitions:

Favorable Perceptions

Positive interpretations or views held by individuals about something or someone, often influenced by personal beliefs or experiences.

Pay Checks

Regular payments made by employers to employees as compensation for their work.

Different Behaviors

Variations in actions or reactions of individuals, often influenced by internal or external factors.

Beliefs

Strongly held notions or convictions that individuals hold to be true, influencing their thoughts, feelings, and actions.