0
Add your answer:
Earn +20 pts
What is the specialized area of management that converts or transforms resources into goods and services?
Operations Management
What involves the design and management of the processes that transform resources into goods or services?
operations
What is oprations management?
Operations management is the area of management that is concerned with overseeing, designing and controlling process of production and redesigning of the business operations in production of goods or services.
Explain Operations research in production planning and inventory control?
Operations management is an area of business that is concerned with the production of good quality goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. It is the management of resources, the distribution of goods and services to customers.The task of production and operations management is to manage the efforts and activities of people, capital, and equipment resources in changing raw materials into finished goods and services.
How does production management differ from operations management?
operation management is the set of activites that creates goods and services by transforming inputs into outputs.
Probationary work periods would be most desired by management when the labor market?
Services-producing industries will grow faster than goods-producing industries
System for producing good and services?
A system for producing goods and services is known as a production system. Goods are produced from raw materials, and services are activities performed.
Is the field of management that specializes in the physical production of goods or services according to your textbook?
Yes, the field that specializes in the physical production of goods or services is known as operations management. It involves overseeing the design, planning, control, and improvement of production processes to ensure efficiency and quality in delivering products or services to customers.
Define production operations management?
Is to overlook the production process by managing people and machinery to convert raw materials and resources into goods and services
What are the production distribution and consumption of goods and services?
An economy is a system for producing goods and services.
What is the difference between the revenue that a business gets for its goods and services and the cost of producing the goods and services?
Labor
A system for producing goods and services is called what?
ECONOMY! ;)
