1. (20 pts) Discussion Questions a. What is Operations Management? What is the difference between effective process and efficient process? b. State the relationship between Corporate Strategy and Operations Strategy. Can you illustrate the above by one or two examples? c. In the Littlefield simulation, the high revenue contract could not be met with a batch size of 60 (the batch size the game is initialized with). Explain why reducing this batch size may help in meeting the high revenue contract. Following this reasoning, why shouldn't the batch size be as small as possible (so break each lot into 5 batches of 12) in the game?