Which of the following statements are reasons why operations management is important?

a. Efficient and productive operations drive the economic well-being of nations.

b. Operations management is responsible for much of the value created by organizations.

c. Operations management is a key source of competitive differentiation among firms.

d. All of these are reasons why operations management is important.

Question

Business

Sarai Bean

8 September, 21:21

Which of the following statements are reasons why operations management is important?

a. Efficient and productive operations drive the economic well-being of nations.

b. Operations management is responsible for much of the value created by organizations.

c. Operations management is a key source of competitive differentiation among firms.

d. All of these are reasons why operations management is important.

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Answers (1)

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Bond · Answer 1

Answer: D. All of these are reasons why operations management is important.

Explanation: Operation management is concern with converting materials and labor efficiently into goods and services for profit maximization. It is the administration of business principles in creating the highest level of efficiency within an organization.

Efficient and productive operation drives the economic well being of nations, Operations management is responsible for much of the value created by organizations and a key source of competitive differentiation among firms, are reasons why operation management is important.