Which of the Following Statements Are Reasons Why Operations Management

question 4

Multiple Choice

Which of the following statements are reasons why operations management is important?

• A)Efficient and productive operations drive the economic well-being of nations.
• B)Operations management is responsible for much of the value created by organizations.
• C)Operations management is a key source of competitive differentiation among firms.
• D)All of these are reasons why operations management is important. Operations management affects both macroeconomic and individual firm outcomes

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Definitions:

Family Farms

Small-scale farms operated primarily by the family members who own the land, focusing on the sustainability of agriculture over generations.

Export Of Fish

The international trade of fish and seafood products from one country to another.

Anne Hutchinson

A key figure in early American history, known for her role in the Antinomian Controversy, challenging the Puritan orthodoxy and advocating for religious freedom in the Massachusetts Bay Colony.