How important is managing operations to the competitiveness of a small business? Why?
Answer to relevant QuestionsWhat are some distinctive features of the operations process in service firms?Explain the meaning of the terms lean production and synchronous management. How are these relevant to operations in a small company? 1. Review the history of the operations of River Pools & Spas, from start to success, to scaling back. How was the company affected by scaling back? What changes made it more competitive?2. Describe how River Pools & Spas’ ...How do working capital management and capital budgeting differ?Describe a business owner’s policy, including the types of insurance coverage available with a BOP. List the advantages of this type of policy.
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