From an Operations Management Perspective,explain the Differences Between Goods and Services

question 79

Essay

From an operations management perspective,explain the differences between goods and services.

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Definitions:

Regulators

Authorities or bodies that have the power to enforce rules and standards within specific industries or areas.

Environmental Uncertainty

The degree to which an organization lacks information about its external environment, making it difficult to predict future conditions and make informed decisions.

Organisational Designs

The process of shaping an organization’s structure, roles, and networks to effectively manage and coordinate activities towards achieving its objectives.

Flexibility

The ability to adapt to changing circumstances, adjust to new instructions or conditions, and remain effective in a variety of situations.