Author Question: In operations management, using resources to create value by providing customers with goods and ... (Read 87 times)

joe · **on:** Jul 14, 2018

In operations management, using resources to create value by providing customers with goods and services that offer a better relationship between price and perceived benefits is known as _____.
A) effectiveness
B) efficiency
C) throughput
D) productivity

Question 2

Mr. Chase has opened a custom furniture business and is concerned about the costs associated with storing raw materials, machinery, and finished products. Mr. Chase should consider using a method of production known as just-in-time (JIT) production to help control his inventory costs.

Indicate whether the statement is true or false