Management Science and Operations Research Both Involve

question 27

Multiple Choice

Management science and operations research both involve

• A)qualitative managerial skills.
• B)quantitative approaches to decision making.
• C)operational management skills.
• D)scientific research as opposed to applications.

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Definitions:

Types of Products

Various categories of goods or services available in the market, distinguished by characteristics, uses, or target consumers.

Geographical Sales Organization

A sales force structure where sales territories are divided and managed based on geographical regions to better meet local market needs.

Specialized Knowledge

Expertise or skills in a specific field or area, often requiring extensive training or experience.

Duplication of Selling Effort

A situation where multiple sales channels or team members target the same customer or market segment, leading to inefficiency.