C720 operations - Study guides, Class notes & Summaries

WGU C720 Operations and Supply Chain Management FINAL EXAM (Questions & Answers) 100% verified Answers 2024 UPDATE

WGU C720 Operations and Supply Chain Management Module Questions and Answers 2023 - 2024 (Verified by Expert) WGU C720 Operations and Supply Chain Management Module Questions and Answers 2023 - 2024 (Verified by Expert)

WGU C720 Operations and Supply Chain Management| All Unit Quizzes| Modules 1-8 Covered| Questions and Verified Answers Q: Which of the following is calculated by determining the ratio of outputs achieved divided by the inputs consumed to achieve those outputs? Answer: Productivity Q: True or false? As manufacturing processes became more automated in the early 1900s, more job opportunities became available in the service sector, which improved the overall standard of living in the...

WGU C720 Operations and Supply Chain Management Exam Latest Updated Operations Management - ANSThe multidisciplinary science that organizations use to acquire inputs (people, capital, material, or energy and transform them into outputs (products and/or services) that ultimately provide value to the end customer Biggest difference between Service Providers and Goods Producers - ANSA good is tangible and a service is not Resources - ANSPeople, Capital, and Materials Product Design - ANSTh...

Operations The process used to acquire inputs, such as people, capital, and material, and transform them into outputs, such as products and services. Operations Manager They allocate resources. Capital Facilities and equipment Competitive Advantage Developing capabilities that customers value, can be sustained over the long-term, and competitors find difficult to replicate. Inseparability The process of separating production from consumption; cannot be done for services because they are p...

Vertical Integration - correct answerswhen a company owns multiple assets in a supply chain Backward Vertical Integration - correct answersOwns the supplier to make the products themselves Forward Vertical Integration - correct answersOwns the retail stores to sell the products themselves A mattress manufacturer holds many patents on their mattress because they are specially constructed out of unique materials. This leads the manufacturer to open retail stores in high-traffic areas to i...

Operations and Supply Chain Management - C720 OA Prep Guide 2024/2025 Questions & Answers Verified Answers A+ Guaranteed!! (ALL ANSWERS 100% CORRECT)

Operations and Supply Chain Management - C720 OA Prep Guide Graded A+ 2024 Output - Correct Answer represent the final good or service that is produced for the consumer. are worth more to the consumer than the total cost of the inputs. Inputs - Correct Answer People Capital Material Energy Outputs - Correct Answer Services Goods Ethics - Correct Answer a sense of what is right and wrong that guide behavior. Unethical Business Practices - Correct Answer Anything related to fr...