The Field of Management That Focuses on the Physical Production

question 317

Multiple Choice

The field of management that focuses on the physical production of goods or services and uses specialized techniques for solving manufacturing problems is called:

• A) Manufacturing management
• B) Control management
• C) Operations management
• D) None of the above

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Definitions:

Vertical Merger

A combination of two or more companies at different stages of production in the same industry.

Conglomerate Company

A large corporation that owns a diversified group of other companies across various industries, with no single business dominating its portfolio.

Minority-Owned

Refers to a business that is at least 51% owned, controlled, and operated by individuals from a recognized minority group.

Small Businesses

Independent enterprises with limited size and revenue, characterized by fewer employees and lesser market share compared to larger companies.