Om 300 Study guides, Class notes & Summaries

OM 300 Test 1 Questions And Answers 2024 Verified Solutions What is operations management? ANS Creating value by efficiently/effectively transforming inputs into outputs What are three main types of any business? ANS Marketing (generates the demand) Production/Operation (creates the product) Finance/Accounting (follows success and finances) What types of decisions do operations managers make? ANS Planning, organizing, staffing, leading, and controlling; How people organize themselv...

OM 300 Exam 1 - Northam With Complete Solutions

OM 300 Test 1 University Of Alabama Questions And Answers With Real Tests The set of activities that create value in the form of goods and services by transforming inputs into outputs. it is business functions responsible for planning, coordinating, and controlling the resources needed to produce a company's products and services. It is applicable to all firms, whether manufacturing or service ANS What is operations management? Marketing Production or operations finance or accounting ANS...

OM 300 Exam 1 - Northam With Complete Solutions

OM 300 Exam 1 With Complete Solutions

OM 300 Test 2 - Nunnelley With Complete Solutions

OM 300 Test 2 - Nunnelley With Complete Solutions

OM 300 Exam 2-Chillcut With Complete Solutions

OM 300 Exam 3 Questions And Answers Rated A+

OM 300 Exam 4 Questions And Answers With Verified Solutions The 3 primary business functions? ANS marketing, operations, finance Supply Chain ANS A global network of organizations and activities that supply a firm with goods and services The objective of supply chain mgmt.? ANS to build a chain of suppliers that focuses on maximizing value to the ultimate customer Productivity ANS the ratio of output (good and services) divided by the inputs (resources such as labor and capital)