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What is the difference between business and operations strategy?
Answer: There is a hierarchy of strategic decision making, each focused on a different time horizon and at varying levels of detail. Corporate strategy considers the longest term and the most complex environment where risks are greatest. Business strategy considers industry level and operations along with other functional strategies, operates at the level of the firm. Operations strategy is concerned with the activities necessary to produce goods and services.
What are the 2 most important characteristics of the human service model?
Characteristics of Batch Production Short Runs: Batch production is characterized by short production runs and frequent changes in set ups. Investment : Needs high in
Compare and contrast the key dimensions of the general environment, the task environment and the enacted environment of an organization.
When are the holding costs raised? Holding cost rises while the size of order rises. It is since a higher level of average stock will be kept during the year. Thus holding cost
Factory is a bathtub with 50 gallons capacity, drain is outlet to market and can output 3 gallons per hour. Faucet is raw material input and allows materials in at a rate of 4 gall
1. When a company plans a new product development project, which department should impact the decisions? (Points : 5) Sales and Marketing Engineering Manufacturing Fina
Please explain in detail the answer for the following scenario: You are an IT project manager and have been given an unrealistic deadline. In order to get a project done on the req
Stepping Stone Methods : This is a procedure of determining the optimal if any for improving each of the non basic variables in terms of the objective function. To determ
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A production process is known to produce a particular item in such a way that 5% of these are defective. If two items are randomly selected as they come off the production line, wh
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