1. Without operations management, there would be no product or service to sell. Explain 3 reasons why it is highly important to study operations management in this dynamic business environment (3%) 2. Please use the table below to explain the appropriate operations management decisions that you would make for each OM activity if you were the Operations Manager for TD Bank and Walmart (7%) OM Activities TD Bank (services) | Walmart Forecasting Capacity planning Scheduling Managing inventories Assuring quality Motivating employees Where to locate facilities 3. You just started a new position at Visionless Company and you are surprised that the organization does not have either a mission or a vision statement. Explain to the management four reasons why it is important for organizations to have a vision statement and mission statement? (4%)