Operations Management Is Responsible for Orchestrating All the Resources Needed

question 122

Multiple Choice

Operations management is responsible for orchestrating all the resources needed to produce the final product.This includes all of the following except ______________________________________.

• A)obtaining customer feedback
• B)arranging schedules
• C)managing inventory
• D)controlling quality
• E)designing work methods

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Definitions:

Conglomerate Merger

Merger that combines unrelated firms, usually with the goal of diversification, spurring sales growth, or spending a cash surplus in order to avoid a takeover attempt.

Horizontal Merger

A type of business consolidation that occurs between companies operating in the same industry, often to reduce competition or achieve economies of scale.

Vertical Merger

A merger between two companies that operate at different levels within the same industry's supply chain.

Innovative Products

Products that introduce new features, functions, or designs that differ significantly from previous products and may offer new benefits to the consumer.