Operations Managers Are Responsible for Assessing Consumer Wants and Needs

question 65

True/False

Operations managers are responsible for assessing consumer wants and needs and selling and promoting the organization's goods or services.

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Definitions:

Investment

Disbursing funds with the prospect of accruing income or profits.

GDP

Gross Domestic Product, the total market value of all final goods and services produced within a country in a specific period, a primary indicator of economic health.

Inventory Investment

Inventory Investment is the change in the level of inventory stocks held by businesses over a certain period, which can affect overall economic output.

Fluctuates

Refers to the variation in the value or level of a variable over time.