Which of the following is an important part of operations management?
A) Determining the best means of financing the firm's operations
B) Developing the best advertising strategy to promote a firm's products
C) Deciding whether to pay a dividend to the firm's stockholders
D) Choosing the best location for a firm's facilities

Question

Quizplus · Accepted Answer

Operations management involves overseeing the production and delivery of goods and services. Choosing the best location for a firm's facilities is an important part of this process as it can impact factors such as transportation costs, labor availability, and access to raw materials. Determining financing, developing an advertising strategy, and deciding whether to pay a dividend are all more related to financial management rather than operations management.

Which of the Following Is an Important Part of Operations