Samenvatting Operations Management 8th edition, Nigel Slack Questions and Answers Grade A+ 2023

summary - -is a shorter and more condensed form of a text, and this is a good practice to follow when conducting research or studying -identify and reproduce the key concepts of a text - -What is the first goal of summarizing? -express the key ideas with precise and specific language - -What i...

Retail Merchandising - -It is the planning, developing and presenting of product lines for identified target markets with regards to pricing, assortment, styling and timing. -Factors that affect merchandising functions - -1. The size of the retail organization 2. They type of store 3. Type of m...

Investors who review business plans typically a. cannot read through all they receive. b. read about one-half of a plan. c. read plans thoroughly. d. read only the marketing and finance sections - -a. cannot read through all they receive. -A business model a. is only important for startu...

1) The chapter takes the view that the self-examination required to develop a tight, well written business plan is more important than the plan itself. - -(True) -2) The business plan must establish that there is an opportunity worth exploiting and must detail how to take advantage of it. - -(Tru...

Static menu - -Menu type that serves the same items every day -Cycle menu - -menu type that serves different items each day or weekly/biweekly, then repeated -Single use menu - -menu type used as a holiday or theme day menu -Non-select menu - -Menu type with no choices - default, cannot sel...

What is Operations Management? - -The management of systems or processes that create goods and/or services. -What are the three basic functions in business organizations? - -The three basic functions in business organization are finance, operations, and marketing. -What general items make u...

Operations Strategy - -Consistent pattern of decisions for operations and the associated supply chain that are linked to the business strategy and other functional strategies, leading to a competitive advantage for the firm. -Operations Strategy 4 Elements - -Mission, objectives, strategic decisi...

The objective of process strategies --to build a production process that meets customer requirements and product specifications within cost and other managerial constraints. Has long term effect on efficiency, costs, and quality -four process strategies --1. Process focus 2. Repetitive focus 3....

What is operations and process management? - -The activity of managing the resources and processes that produce product and services. Operations management: Examines how the "operations" function of a business produces products and services for external customers. -Whats is a process? - -An...