MGSC 395 Exam 1 University of South Carolina Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+

Big three areas chart : Finance--> Material and Service Input-->Operations--> Product and Service Outputs-->Marketing--> Sales revenue--> back to finance Finance : Acquires financial resources and capital for inputs Operations : Translates materials and services into outputs Marketing : Generates sales of outputs Support Functions : -Accounting 2 | P a g e -Information Systems -Human Resources -Engineering Process (Inputs-->Process-->Output) : Any activity or group of activities that takes one or more inputs, transforms them, and provides one or more outputs for its customers Operation (Parts of all the processes) : A group of resources performing all or part of one or more processes What is a supply chain? : An interrelated series of processes within and across firms that produces a service or product to the satisfaction of custom