Question: (a) State two (2) differences between goods and services. (4 marks) Explain the three (3) basic functional areas of any business organisation. (6 marks) Product

(a) State two (2) differences between goods and services. (4 marks)

Explain the three (3) basic functional areas of any business organisation. (6 marks)

Product variation occurs in all business processes. Explain the four basic sources of variation. (8 marks)

Define operations management.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

FORMATIVE ASSESSMENT 2 [100 Marks] Answer ALL the questions in this section. QUESTION 1 Study the extract below and on the basis of the requirements specified for the proposed study answer all the...

Q:

FORMATIVE ASSESSMENT 2 [100 Marks] Answer ALL the questions in this section. QUESTION 1 Study the extract below and on the basis of the requirements specified for the proposed study answer all the...

Q:

Describe how to construct the function cpo ((D E), v) of two cpos (D, vD) and (E, vE). Prove that ((D E), v) is a cpo. (You may use facts about least upper bounds provided you state them clearly.)...

Q:

Question: Hi Colleagues, Final Project: Covers chapters 1 through chapters 16 In the future you may be asked to write a marketing plan. For the final project you are to provide what the marketing...

Q:

Question: Hi Colleagues, Final Project: Covers chapters 1 through chapters 16 In the future you may be asked to write a marketing plan. For the final project you are to provide what the marketing...

Q:

Read the PG&E: Fire in Paradise case study and answer the following questions: 1. The following areas of law are relevant to this case study: Corporations Law, Environmental Law, Administrative Law,...

Q:

(1) Income Statement Referencing this week?s readings and lecture, address the following: ? What are the two causes of an increasing or decreasing sales number? ? Discuss all the reasons that might...

Q:

gm GREENWICH Management College Resources and equipment Re-submission opportunities Task summary and instructions Report on the context for the corporate social responsibility initiatives Meeting...

Q:

PartII. Institutions The great conflict between capitalism and communism is over. Communism has collapsed; capitalism has won. Or so we think. But if you take a closer look at the structure of these...

Q:

A government wants to reduce electricity consumption by 10%. The price elasticity of demand for electricity is 0.1. The government must __________ the price of electricity by __________. A. raise; 1%...

Q:

Show that Use the Stirling formula, which states that n!//2Ï x nn+1/2 x e-n tends to 1 as n . (2n 111/2n

Q:

Complete the following table by indicating for (a) through (g) whether the proper answer is debit orcredit. Normal Balance Account Increase Decrease Purchases Purchases Discounts Purchases Returns...

Q:

One area for growth, and what strategies would you use to develop that skill further? Explain why.

Q:

Read the articles on journaling and review the template provided. Identify what approach, to journaling, in the articles you found useful and why. Post to the discussion forum that you have reviewed...