An Operations Strategy Determines How and Where a Product or Service

question 87

True/False

An operations strategy determines how and where a product or service is to be manufactured,the level of vertical integration in the production process,the deployment of physical resources,and relationships with suppliers.

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Definitions:

Insure Themselves

The act of individuals or entities protecting themselves against financial loss through the purchase of insurance.

Price Increase

A rise in the cost of goods or services, which can affect consumer purchasing behavior and inflation rates.

Smaller Package

A reduction in product size or quantity while maintaining or increasing the price, often unnoticed by consumers.