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What is operations strategy?
Answer: Operations strategy is the plan and actions taken at operational level to support and implement the business strategy. An operations strategy deals with structural issues as well as setting performance variables and targets. Strategy formulation is a process used iteratively to interpret the business strategy and to implement change.
Madden Industries manufactures three models of a product in a single plant with two departments cutting and assembly. The company has estimated costs for each of the three product
1. When an organisation is stepping up production or availability of a service what are the dominant operations performance objectives? Answer: This is a very difficult questio
what do you mean cllasification of opertion
Uick cheif cookers sell at an average [ace of 12500 per month. Each cooker costs the company $100. The annual carrying cost for each cooker is 10%. Each Each or
Ambience of the Physical Surroundings - Facility Layout Décor, noise levels, music, temperature and lighting may affect the customers' judgement of the service, how long they
How might the social value of low versus high power distance influence how you would lead and motivate employees?
SWH Corporation issued bonds on January 1, 2004. The bonds had a coupon rate of 4.5%, with interest paid semiannually. The face value of the bonds is $1,000 and the bonds mature on
what do you understand by “line balancing “? What happens if balance doesn’t exist?
The issue of fraud must be considered when managing risk as it could present a major liability to the organization. Fraud is an act that requires an aggressive response and correct
Your company invests $50,000 today at an annual interest rate of 4.00%. The interest is compounded quarterly. Calculate the first quarter interest, the total annual interest and th
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