In today's highly competitive global markets, operations managers:
A) realize that a product that offers better features attracts more customers than one that has a lower price.
B) recognize that achieving efficiency is more important than achieving effectiveness.
C) focus primarily on keeping costs low so as to make a profit while keeping prices competitive.
D) focus solely on the benefits of products, while completely ignoring the costs of manufacturing those products.
Correct Answer:
Verified
Q27: In operations management, _ means using resources
Q30: Effectiveness means producing products that:
A)are cheap.
B)are mass-produced.
C)create
Q31: Love Your Feet Inc., a shoe manufacturing
Q32: Thermos Inc. recently acquired robots to make
Q36: Kidzo Inc., a toy car company, has
Q37: Abraham, a lead engineer at Softos Inc.,
Q38: Dazzling Inc., a cosmetics manufacturing company, introduces
Q39: Identify a benefit of holding larger inventories.
A)Less
Q79: A _ is used for goods that
Q134: _ is an approach to quality improvement
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