Applying the Best Practices to Operations Management Is Not Enough

question 60

Essay

Applying the best practices to operations management is not enough to give a competitive advantage because:

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Definitions:

Sales

The total amount of a company's revenue generated from goods or services sold over a designated period.

Cash Collections

The activity of gathering and receiving cash payments from customers or clients, often related to sales or services provided.

Selling Price

The amount of money charged to the customer for a product or service.

Credit Sales

Sales made by a business allowing the buyer to pay at a later date.