Business

Business Review: occupation(217) A. Operations concern: all of the activities in which managers engage in golf club to transform resources into products that appropriate a utility for customers. Operations Manager: the person who manages the systems that convert resources into goods and table serve. advantage Economy: an economy in which to a greater extent effort is given up to the payoff of services than to the production of goods C beers in Operations Management: 1. Mass Production: manufacturing dish that lowers the cost required to modernise a large act of identical of similar products over a long consequence of time 2. Analytical forge: breaks crude(a) materials into different component split 3. Synthetic Process: combines unrefined materials or components to create a finished product. B. The Conversion Process: return: the ability of a good or service to gather a homophile need, and there are 4 types: 1. air or attribut e utility: created by people converting raw materials, finances, and information into finished products (related to product differentiation) 2. place 3. time 4. possession -The conversion of resources into products and services slew be described in three shipway: 1. focusing : the resource(s) that make up the major input.

The resources are financial, material, information, and people. 2. magnitude of kind: the degree to which the resources are physically changed. 3. Number of Production Processes : large firms use multiple processes -Differences in the Conversion Process in the mids t of goods and services 1. Services are at! a time consumed 2. Customers usually will non travel as far to derive a service (medical car would be an exception) 3. Services are labor intensive 4. collectable to the intangible nature of a service, it is harder to measure customer bliss and harder to gear up paid the more(prenominal) time that has past afterward the service has been rendered Steps in the Conversion Process: 1. research and Development: involves a...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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