Operations Management in an Organization ______

question 93

Multiple Choice

Operations management in an organization ______.

• A)is concerned only with short-term strategies as the environment is rapidly changing
• B)guides corporate strategy
• C)is a part of functional strategy
• D)has declined in importance in recent years

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Definitions:

Sherman Antitrust

A landmark federal statute in the U.S. passed in 1890, which outlaws monopolistic business practices.

Restraint Of Trade

A limitation on the full exercise of doing business with others.

Monopoly

The exclusive control of a market by a business enterprise.

Market

A venue or mechanism where buyers and sellers interact to trade goods, services, or securities, determining prices through supply and demand.