Question: There are THREE (3) questions in this section. Answer ALL questions in the answer booklet. 1. Operation management can be defined as the process of

There are THREE (3) questions in this section.
There are THREE (3) questions in this section. Answer ALL questions in the answer booklet. 1. Operation management can be defined as the process of marshalling resources to produce output through the transformation process. Illustrate and explain the transformation process with appropriate example. (10 marks) 2. Before venturing into a new business, one has to identify an opportunity. Explain FOUR (4) criteria that make an entrepreneur better at recognizing opportunity and provide appropriate examples for each criterion identified. (10 marks) 3. It is important for a business owner to know the stages of growth, along with unique opportunities and challenges that each stage entails. Illustrate and explain the stages of growth in business. (13 marks)

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