SAC 3 business chapter 3 Flashcards
(8 cards)
1
Q
operations management
A
all the activities in which managers engage to produce goods or services
2
Q
inputs
A
Resources used in the process of production
3
Q
effectiveness
A
the degree to which a business has accomplished its stated objectives
4
Q
efficiency
A
how well a business uses resources in achieving their objectives
5
Q
business competitiveness
A
the ability of a business to sell products in a market
6
Q
1: relationship between operations and business objectives
A
business objective: to make a profit
operations objective: reduce costs
operations strategies: through just in time
7
Q
2: relationship between operations and business objectives
A
business objective: to increase market share
operations objective: improve quality
operations strategies: quality control
8
Q
A
