IBM Saw Sales from Small and Medium-Sized Business Grow from $10

question 47

True/False

IBM saw sales from small and medium-sized business grow from $10 million in 1998 to $80 million in 2003.

Recognize the role of automation and technology in enhancing the competitiveness of small businesses.

Identify the basic elements of the operations management system (inputs, transformation processes, outputs, control systems, and feedback).

Distinguish between different types of production systems (analytic, synthetic, continuous, and intermittent).

Understand the concept of social responsibility for a business and its implications.

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Definitions:

Abecedarian Project

A research initiative that studied the long-term effects of early childhood education on children from disadvantaged backgrounds, emphasizing the importance of quality early care.

Early Intervention

A range of responsive services aimed at identifying and addressing developmental, educational, or health-related needs in infants and young children to promote optimal development.

Intellectually Stimulated

The state of being mentally encouraged or energized, often through engagement with challenging and thought-provoking material or activities.

Nature Versus Nurture

A debate regarding the relative importance of an individual's innate qualities versus personal experiences in determining or causing differences in physical and behavioral traits.