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Exam (elaborations)
Opm 530 Topic 1 Introduction
OPM 530 TOPIC 1 INTRODUCTION What Is production
OPM 530 TOPIC 1 INTRODUCTION What Is production
OPM 530 TOPIC 1 INTRODUCTION What Is production? - CORRECT ANSWER -Production is the creation of goods and services Characteristics of Goods - CORRECT ANSWER -♦ Tangible product Consistent product definition ♦ Production usually separates from consumption Can be inventoried Low customer interaction What is Operations management? - CORRECT ANSWER -the set of activities that creates value in the form of goods and services by transforming inputs into outputs Servic...
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