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level: Operations Management

Questions and Answers List

level questions: Operations Management

QuestionAnswer
The Operations Systemis used to transform inputs into outputs through the transformation process.
Operations Managementis the area of management responsibility that overseas all activities involved in managing an operations system to efficiently and effectively produce goods or services and create improved profit margins for the business.
Inputsrefers to the resources that are used to produce the business’ goods or services.
Processesrefer to any activity the business undertakes to transform inputs into outputs.
Outputsrefer to the end result of a business’ transformation process.