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What Is the "Role" of Operations Management

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What is the "role" of operations management?


Definitions:

Real Wages

Wages adjusted for inflation, reflecting the true purchasing power of an individual’s income over time.

Growing Population

An increase in the number of individuals in a population, typically due to birth rates exceeding death rates.

American Federation

A large, national labor union organization in the United States.

Industrial Organizations

A field of economics dealing with the strategic behaviors of firms, market competition, antitrust laws, and the regulation of industries to promote competition and economic efficiency.

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