What does the term 'operations management' primarily refer to$?$

A$)$ Managing team communications

B$)$ Overseeing financial investments

C$)$ Managing the process that transforms inputs into outputs

D$)$ Developing marketing strategies

Which of the following is an example of a 'bottleneck'?

A$)$ A step in the production process where the demand exceeds the production capacity

B$)$ A situation where there is excess capacity

C$)$ An operational strategy to increase product price

D$)$ The initial stage of product development