OP w10

Which one best defines operation management?

• The development of marketing strategies for business growth

• The activity of managing the resources of the organisation that deliver goods and services

• The process of financial planning and analysis within an organization

• The implementation of systems and processes that are repeatable, consistent, and reliable

What does Operations Management implement?

• A. Strategies for market expansion and customer acquisition

• B. Financial planning and budgeting processes

• C. Systems and processes that are repeatable, consistent, and reliable

• D. Employee training and development programs

What is the specification of a project?

• Unique

• temporary

• with a beginning and end

• all of the options

Innovation outcomes can be differentiated into which of the following categories?

• Complexity, size, and scope.

• Market impact, cost-effectiveness, and profitability.

• Process, product, paradigm, and position.

• Implementation time and regional adaptability.

Which terms are used to describe the different forms that innovation can take?

• Incremental and radical.

• Short-term and long-term.

• Basic and advanced.

• National and global.

What does position innovation involve?

• Enhancing the features of a product or service.

• Shifting the product or service to a different use or customer base.

• Changing the manufacturing techniques of a product.

• Rebranding the company and its mission.

What does the term "capacity" refer to in operations management?

• The minimum input needed for a facility, machine, process, or system to start functioning.

• The maximum output or producing ability of a facility, a machine, a process, or a system.

• The average output expected from a facility, machine, process, or system over time.

• The financial cost of setting up a facility, machine, process, or system.

Is it easy to change the capacity?

• Yes

• No

In the bellow supply chain is Mercedes Benz Downstream or Upstream?

Metal manufacturer > Mercedes Benz > Mercedes Benz Buyer

• Upstream

• Downstream

• Non of the above

• It can be both upstream or downstream

In the bellow supply chain which option is upstream?

Washing liquid Manufacturer > Tesco retail shop

• Tesco Retail shop

• Washing liquid manufacturer

• Non of the above