The Performance of an Operations Strategy Is Judged by How

question 2

Multiple Choice

The performance of an operations strategy is judged by how well ______.

• A)it supports the firm's corporate and business strategies
• B)it supports the firm's corporate tactics
• C)it influences business strategy
• D)it influences corporate strategy

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Definitions:

Economic Fluctuations

Variations in the level of economic activity in an economy over a period of time, including phases of expansion and contraction.

Business Cycle

The fluctuations in economic activity that an economy experiences over a period of time, characterized by periods of expansion (growth) and contraction (recession).

Recessions

Intervals of provisional economic contraction, during which commerce and industry slow down, often indicated by a dip in GDP across two sequential quarters.

Real GDP

The measure of a country's economic output adjusted for price changes (inflation or deflation), reflecting the true value of goods and services produced.