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Tony Oversees the Activities in Creating the Right Goods and Services

question 84

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Tony oversees the activities in creating the right goods and services in the right quantities and distributing them to the right customers. His decisions have a major impact on both the revenue and costs his firm incurs, and therefore on the firm's financial success. This is an example of operations management.

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Definitions:

Entrepreneurial Organisations

Businesses characterized by innovative practices, proactive expansion strategies, and a risk-taking mindset in pursuit of opportunities.

Existence

The state or fact of living or being present in a certain context or environment.

Survival

The ability of an entity, whether an organism or an organization, to continue to live or exist over time, often overcoming challenges and adapting to its environment.

Establishing Business

The process of starting a new company or venture, including planning, making key financial decisions, and completing legal activities required for operation.

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