The Operations Function Needs to Interface with Which Organizations

question 41

Multiple Choice

The operations function needs to interface with which organizations?

• A)government agencies or regulatory organizations to comply with given rules and regulations
• B)competitors so as to be able to fix prices to ensure good margins on products and services
• C)the agencies of the United Nations to ensure compliance with global regulations
• D)agencies representing consumers to ensure that consumer wants are satisfied

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Definitions:

Cash Cow

A business, product, or asset that consistently generates significant amounts of cash flow, often requiring little investment to maintain.

Strategy and Structure

Refers to the alignment of an organization's strategic goals with its structural design to enhance efficiency, effectiveness, and competitive advantage.

Culture and Execution

How the shared values, beliefs, and practices within an organization influence its ability to implement strategies effectively.

Focused Strategy

A business approach where a company targets a specific niche or segment of the market, concentrating its efforts and resources to serve that segment to the exclusion of others.