Operations Management Flashcards
(3 cards)
1
Q
Operations Managment
A
Operations management involves coordinating and organising the activities involved
in producing the goods or services that a business sells to customers.
2
Q
Efficency
A
Efficiency is how productively a business uses its resources when producing a good or service.
3
Q
Effectivness
A
Effectiveness is the extent to which a business achieves its stated objectives.
