U3 AOS3 Flashcards
1
Q
operations management
A
the management of resources to achieve efficient outputs of goods and services
2
Q
inputs
A
inputs are the resources that will be converted into outputs
3
Q
processes
A
processes are the activities that help transform inputs into outputs
4
Q
outputs
A
outputs are final good or service that is produced and ready for customers.
5
Q
manufacturing business
A
A manufacturing business produces a tangible, physical good, either as a finished product or a component part, used as an input in another manufacturing system
6
Q
service business
A
provide an** intangible product**. Services are performed rather than being produced and usually involve provision of labour or expertise in return for payment.
