OM MID SEM 06.03.2021-REGULAR Question No: 01 This is a subjective question, hence you have to write your answer in the Text-Field given below. Explain and Compare a) details Time-function chart/map and [5] b) Process chart. Also, draw charts of each type with essential Question No: 02 This is a subjective question, hence you have to write your answer in the Text Field given below. Explain Factor Rating method and Locational Cost Volume method for a locating manufacturing facility. Also, write the equations and draw diagrams [5] Question No: 03 This is a subjective question honce you have to write your answer in the Toxfold given below Describe five or more ways in which a company can use operations to contribute to company's cost leadership strategy; use a specific example (car manufacturing, retail, or any other industry of your choice). [5] Question No: 04 This is a subjective question, hence you have to write your answer in the Text-Field given below. Explain the concept of Product Life Cycle, draw Product Life Cycle diagram, and identify the challenges in managing operations in different stages of Product Life cycle