The business function known as "operations" is given that name rather than the name "production". This is because:

Group of answer choices

a-production is a cost, rather than a source of revenue

b-the word "production" implies that Canadian businesses "produce" only goods. The term "operations" is more encompassing, and implies the creation of services as well as goods.

c-production takes place only in factories

d-production adds no value to the firm, whereas operations do add value

According to the most recent data, posted to your lecture notes, what proportion of Canadians work in "services" as opposed to working in "manufacturing"?

Group of answer choices

a-Approximately 50%

b-Approximately 60%

c-Approximately 70%

d-Approximately 80%