In Today's Highly Competitive Global Markets, Operations Managers

question 53

Multiple Choice

In today's highly competitive global markets, operations managers:

• A)realize that a product that offers better features attracts more customers than one that has a lower price.
• B)recognize that achieving efficiency is more important than achieving effectiveness.
• C)focus primarily on keeping costs low so as to make a profit while keeping prices competitive.
• D)focus solely on the benefits of products, while completely ignoring the costs of manufacturing those products.

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Definitions:

Credit Union

A financial institution owned and controlled by its depositors, who usually have a common employer, profession, trade group, or religion.