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Answer: Objectives of Operations Management Customer satisfaction: Customer satisfaction is vital to the survival of an organization. The organization researches the expectations of the customer or service to be rendered and decides on the product. Profitability: The pricing of the product should be competitive to achieve sales. For this, the market price of products should be competitive

.


Answer: Operations Strategy as a Competitive Weapon: The development of a customer-oriented corporate strategy needs proper Co-ordination at the functional level to achieve the overall objectives of the company. The company response is based on the market environment to keep the information bank updated at all times. Market analysis makes assessment of the strength of the competitors for


Answer: Process of Communication: A process, by definition is “a systematic series of action or operation of a series of changes directed to some end.” Communication is a two – way process in which there is an exchange and chain of ideas towards a mutually acceptable direction. The process of communication involves two or more persons participating through a medium that carries the information


Answer:  The most common types of organization structures are: <!--[if !supportLists]-->·         <!--[endif]-->Line Structure <!--[if !supportLists]-->·         <!--[endif]-->Line and Staff Structure <!--[if !supportLists]-->·         <!--[endif]-->Functional Structure <!--[if !supportLists]-->·         <!--[endif]-->Project or Matrix Structure Usually, the first two types of


Answer: The basic characteristic of operations research is that it employs mathematical representations or models to analyze problems. This distinct approach represents an adaptation of the scientific methodology used by the physical sciences. The scientific method translates a real given problem into a mathematical representation which is solved and retransformed into the original context. The


Answer: Epidemiology is the study of diseases in large number of humans or other animals, in particular how, when and where they occur. Epidemiologists endeavor to determine what factors are related with diseases (risk factors), and what factors may protect people or animals against disease (protective factors). The science of epidemiology was first developed to discover and understand possible


Answer: Human Resource Management involves all management decisions and practices that directly affect or influence the people or Human resources who work for the organization. The concept of human resources entails: ·         Total knowledge ·         Skills ·         Creative abilities ·         Talents ·         Aptitudes of an organisation’s workforce ·         Values ·        


Answer: a. David. C. Garvin, Harvard Business School professor has identified several approaches to Quality in his book “Managing Quality”. Each of the approaches has different implications for Quality control and improvement. He has presented five approaches to Quality and relates them to the eight dimensions of Quality. Five Approaches to Quality: A. Transcendent Approach: Quality is


Answer: The essential features of modern organization: IT-Enabled organization The organisations discussed above are modern in the sense that they have built into their structure the elements of information technology (IT) that enable them to function in a manner appropriate to the demands of the environment. This is a fundamental difference between a modern organisation and its older,


Answer: Goals of international financial management: Maximize Profits: A company's most important goal is to make money and keep it. Profit-margin ratios are one way to measure how much money a company squeezes from its total revenue or total sales. Minimize Costs: Companies use cost controls to manage and/or reduce their business expenses. To be profitable, companies must not only earn


Answer: Objectives of Operations Management Customer satisfaction: Customer satisfaction is vital to the survival of an organization. The organization researches the expectations of the customer or service to be rendered and decides on the product. Profitability: The pricing of the product should be competitive to achieve sales. For this, the market price of products should be competitive

.


Answer: Operations Strategy as a Competitive Weapon: The development of a customer-oriented corporate strategy needs proper Co-ordination at the functional level to achieve the overall objectives of the company. The company response is based on the market environment to keep the information bank updated at all times. Market analysis makes assessment of the strength of the competitors for


Answer: Process of Communication: A process, by definition is “a systematic series of action or operation of a series of changes directed to some end.” Communication is a two – way process in which there is an exchange and chain of ideas towards a mutually acceptable direction. The process of communication involves two or more persons participating through a medium that carries the information


Answer:  The most common types of organization structures are: <!--[if !supportLists]-->·         <!--[endif]-->Line Structure <!--[if !supportLists]-->·         <!--[endif]-->Line and Staff Structure <!--[if !supportLists]-->·         <!--[endif]-->Functional Structure <!--[if !supportLists]-->·         <!--[endif]-->Project or Matrix Structure Usually, the first two types of


Answer: The basic characteristic of operations research is that it employs mathematical representations or models to analyze problems. This distinct approach represents an adaptation of the scientific methodology used by the physical sciences. The scientific method translates a real given problem into a mathematical representation which is solved and retransformed into the original context. The


Answer: Epidemiology is the study of diseases in large number of humans or other animals, in particular how, when and where they occur. Epidemiologists endeavor to determine what factors are related with diseases (risk factors), and what factors may protect people or animals against disease (protective factors). The science of epidemiology was first developed to discover and understand possible


Answer: Human Resource Management involves all management decisions and practices that directly affect or influence the people or Human resources who work for the organization. The concept of human resources entails: ·         Total knowledge ·         Skills ·         Creative abilities ·         Talents ·         Aptitudes of an organisation’s workforce ·         Values ·        


Answer: a. David. C. Garvin, Harvard Business School professor has identified several approaches to Quality in his book “Managing Quality”. Each of the approaches has different implications for Quality control and improvement. He has presented five approaches to Quality and relates them to the eight dimensions of Quality. Five Approaches to Quality: A. Transcendent Approach: Quality is


Answer: The essential features of modern organization: IT-Enabled organization The organisations discussed above are modern in the sense that they have built into their structure the elements of information technology (IT) that enable them to function in a manner appropriate to the demands of the environment. This is a fundamental difference between a modern organisation and its older,


Answer: Goals of international financial management: Maximize Profits: A company's most important goal is to make money and keep it. Profit-margin ratios are one way to measure how much money a company squeezes from its total revenue or total sales. Minimize Costs: Companies use cost controls to manage and/or reduce their business expenses. To be profitable, companies must not only earn


 
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