Which of the following statements are reasons why operations management is important?
A)Efficient and productive operations drive the economic well-being of nations.
B)Operations management is responsible for much of the value created by organizations.
C)Operations management is a key source of competitive differentiation among firms.
D)All of these are reasons why operations management is important. Operations management affects both macroeconomic and individual firm outcomes

Question

Quizplus · Accepted Answer

All of these statements are true and collectively represent the significance of operations management. Efficient operations contribute to the economic growth of nations, while value creation and competitive differentiation are crucial for individual firms. Operations management affects both macroeconomic and individual outcomes. Therefore, all of these reasons make operations management an essential aspect of organizational success.

Which of the Following Statements Are Reasons Why Operations Management