Match the following terms with their definitions.

Physical items produced by

business organizations.

Goods

Operations management

Supply chain

Services

Value$-$added

Activities that provide some

combination of time, location, form,

and psychological value.

The management of systems or

processes that create goods and$/$or

provide services.

A sequence of activities and

organizations involved in producing

and delivering a good or service.

The difference between the cost of

inputs and the value or price of

outputs.

Question $15(4$ points$)$