3A Operations Management Flashcards
(4 cards)
1
Q
What is the definition of Operations Management?
A
Involves coordinating and organizing the activities involved in producing the goods or services that a business sells to customers
2
Q
What is the definition of Efficiency?
A
Is how productively a business uses its resources when producing a good or service.
3
Q
What is the definition of Effectiveness?
A
Effectiveness is the extent to which a business achieves its stated objectives.
4
Q
A
