C720 - Operations and Supply Chain Management (1-2)|134 Test Question Review With Correct Answers |D0wnload to score A+

Choose the product below that best represents an example of a physical good or tangible product manufactured by an organization. - ️️Smartphone Choose the product below that best represents an example of a service or intangible product provided by an organization. - ️️Security protection The operations within an organization produce the goods and services that meet the demands of society and create value for the consumers who benefit from the ----------- which are worth more to the consumer than the total cost of the ---------- - ️️output inputs True or False Producers of goods and producers of services both acquire and manage inputs throughout a transformation process that produces a final output. - ️️True True or False Service providers do not produce products because they are not part of the manufacturing sector. - ️️False Producers of goods exist in the manufacturing sector and manage the operations for products such as ----------- constructed by the Federal Highway Administration that customers value. - ️️bridges constructed by the Federal Highway Administration (Bridges are tangible and many are constructed by some level of government, which is part of the public sector.)