the managers who are directly involved in creating goods and service are known as course hero

What is the more challenging, design or manage the operation?

the more challenging it can be to design and manage the operation.

What is supply chain?

Supply chains are both external and internal to the organization. *) The external parts of a supply chain provide raw materials, parts, equipment, supplies, and/or other inputs to the organization, and they deliver outputs that are goods to the organization's customers.

What does "producing" mean in business?

for producing the goods or providing the services offered by the organization.

What is a sequence of suppliers?

1. The sequence begins with basic suppliers of raw materials and extends all the way to the final customer. 2. Facilities might include warehouses, factories, processing centers, offices, distribution centers, and retail outlets.

What are the three basic functional areas of a business?

Business organizations have three basic functional areas. *) Finance, Marketing, and Operations. It doesn't matter whether the business is a retail store, a hospital, a manufacturing firm, a car wash, or some other type of business; all business organizations have these three basic functions. Finance is responsible.

What is the ideal situation for a business organization?

1. The ideal situation for a business organization is to achieve a match of supply and demand.

Is goods-service a continuum?

The goods-service combination is a continuum.