100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
MGT 325 Chapter 1 || WELL-ENLIGHTENED WITH CORRECT ANSWERS. $9.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. MGT 325
  4.  
  5. MGT 325

Exam (elaborations)

MGT 325 Chapter 1 || WELL-ENLIGHTENED WITH CORRECT ANSWERS.
 0 purchase
  • Course
  • MGT 325
  • Institution
  • MGT 325

Operations correct answers part of an organization responsible for producing goods and services goods correct answers physical items produced by business organizations services correct answers activities that provide some type of combination of time, location, form, and psychological value ...

[Show more]

Preview 1 out of 4  pages

Document information

  • August 6, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

  • MGT 325
  • MGT 325

Seller

avatar-seller
ProPerfomer

Reviews received

Content preview

MGT 325 Chapter 1 || WELL-ENLIGHTENED WITH
CORRECT ANSWERS.
Operations correct answers part of an organization responsible for producing goods and
services

goods correct answers physical items produced by business organizations

services correct answers activities that provide some type of combination of time, location,
form, and psychological value

finance, operations, marketing correct answers 3 basic functions of business organizations

finance correct answers responsible for securing financial resources at favorable prices and
allocating them through the organization

marketing correct answers responsible for assessing consumer wants and needs and selling
the goods and services

operations correct answers responsible for producing the goods or providing the service.

operations management correct answers the management of systems and processes that
creates goods and provides services

supply chain correct answers the sequence of activities and organizations involved in
producing and delivering a good or service

inputs and outputs correct answers Creation of goods involves turning ______ into _______

feedback correct answers measurements taken at various points in transformation process

control correct answers comparison of feedback against previous standards to determine if
corrective action is needed

goods-service continuum correct answers products are typically never purely goods or purely
services based

value added correct answers the definition between cost of inputs and the value or price of
outputs

process management correct answers key aspect of operations management

upper management processes, operational processes, supporting processes correct answers 3
categories of process management

upper management processes correct answers govern the processes of the entire organization

operational processes correct answers core processes that make up the value stream

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ProPerfomer. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69252 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$9.99
  • (0)
Add to cart
Added