When Did Operations Management Emerge as a Formal Field of Study

question 50

Multiple Choice

When did operations management emerge as a formal field of study?

• A) during the late 1950s and early 1960s
• B) during the late 1970s and early 1980s
• C) during World War II
• D) during the nineteenth century
• E) during the early 1900s

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Definitions:

Relevant Market Definition

The identification of the bounds of competition including both the geographic and product spaces in which firms compete.

Federal Trade Commission (FTC)

A U.S. federal agency established for the purpose of protecting consumers and promoting competition by preventing anticompetitive, deceptive, and unfair business practices.

Clayton Act

An antitrust law enacted in 1914 to prevent anti-competitive practices, monopolies, and to protect the rights of consumers and businesses.

Robinson-Patman Act

A United States federal law aimed at preventing anticompetitive practices by producers, specifically price discrimination.