The process of producing high-volume, standardized products for a large market i
ID: 466809 • Letter: T
Question
The process of producing high-volume, standardized products for a large market is known as craft production. True False Operations management is less applicable to services than it is to manufacturing True False The Balanced Scorecard examines a firm's performance in these critical areas except Processes Finances Learning and Growing Risks Customers Operations management is concerned with the design of a firm's productive systems the operation of a firm's productive systems the improvement of a firm's productive systems all of the above Mass production is well suited to all of the following except producing large volumes of goods quickly adapting quickly to changes in market demand producing standardized products for a large market all of the aboveExplanation / Answer
10)
The process of producing high volume product is known as mass production. Craft production is the process which produces uniques products each time such as high end pianos and paintings. Hence, the given statement is false.
11)
FALSE:
Operations management is applicable to both services and manufacturing sector.
The services sector does not possess the structure of manufacturing sectors but is is constantly subjected to hindrances and thus making it difficult to manage.This results in high variability in service industry and generates multiple frequent obstacles that do not exist in the manufacturing. Because of this high variability, services sector present more challenges than manufacturing.
Hence, one can say that operations management is required in both Service and manufacturing sector.
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