Operations Management Is a Function Exclusive to the Manufacturing Sector

question 26

True/False

Operations management is a function exclusive to the manufacturing sector of the economy.

---

Definitions:

Entrepreneurs

People who start, oversee, and bear the risks associated with a business or venture.

Innovative Firms

Companies that specialize in creating new products or services through research, development, and technology.

Further Innovation

involves the continuous process of making improvements or introducing new methods, ideas, or products beyond current advancements.

Expected-Rate-of-Return Curve

A graph depicting the expected returns on investment as a function of the level of risk.