Comparisons (Sims and Diffs

Question 1

What are 3 differences between a service and a manufacturing business in operations

Answer 1

1. Tangible goods which can be held are produced compared to intangible services which have no physical presence
2. Production usually occurs at a different time to the consumption of the good whereas usually the production and consumption are simultaneous
3. Manufactured goods can be stored for a later date whereas services cannot be stored

Question 2

What are 3 similarities between a service and a manufacturing business in operations

Answer 2

1. Both aim to produce a high quality output for customers
2. Both aim to reduce and limit the waste they produce
3. Both aim to reduce production costs and make a greater profit