introduction to operations and management Flashcards
what is operations
are the processes by which people ,capital and material are combined to produce the services and goods consumed by the public (output)
the outputs of the operation should be worth more to the consumer than the total cost of the inputs in true or false
true
what are services
are intangible products and goods are physical products according to classification schemes used by the u.s
what is manufacturing
is specific term referring to the production of goods
what is product
is used to refer to services or goods
operations are part of private sector only
true or false
false
and public sector
some operations classified as services but actually provides both services and goods
true or false
true
what is operations management
is decision making involving the design ,planning and control of the many factors that affect operations
what is the factors of success
if an organization can produce and deliver high quality with low cost products that meet customer needs and if it cam do so in a timely manner
what is the similarities between goods and services
both are concerned with product improvements
what is the important difference between
a good is tangible and services is not
services operation cannot inventory finished goods
because a good is tangible the product designer must deal with physical characteristics
what is the formula of the price
cost of the product +profit =price
what is technology
is the application of knowledge usually in the form of recently developed tools processes and the procedures to solve problems
what is the product design
is the determination of characteristics features and performance of the product
what is the product technology
is the application of knowledge to improve the product