For Which Types of Operations Do Firms Design Operational Planning

question 58

Multiple Choice

For which types of operations do firms design operational planning and control systems?

• A)manufacturing operations only.
• B)marketing and manufacturing operations only.
• C)manufacturing and other activities but not marketing.
• D)manufacturing,marketing,and other activities.

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Definitions:

Market Share

The share of a market that a certain company or product holds, frequently quantified as a proportion of the market's total sales.

Near-monopolies

Companies or entities that dominate a market to such an extent that they face little competition, often controlling prices and supply in the market.

Oligopolistic Competition

A market structure in which a few large firms dominate the market, with limited competition between them.

Positive Sum Game

A situation in which all participants can gain or benefit in some way, in contrast to a zero-sum game where one's gain is exactly balanced by another's loss.