GMS 401 Study Guide - Midterm Guide: Operations Management, Systems Theory, Quickness

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 401
• Professor: Wally Whistance- Smith

Document Summary

Activities that relate to the creation of goods and services through the transformation of. Production is the creation of goods and services. When the good produced isn"t tangible or a product. 1 or at least takes the order for a product or service. 2 (nothing happens until there is a sale) Tracks how well the organization is doing, pays the bills, and collects the. A global network of organizations and activities that supplies a firm with goods and services. We study how people organize themselves for productive enterprise. Want to know how goods and services are produced. Because it is such a costly part of an organization. Economic activities that typically produce an intangible product. The segment of the economy that includes trade, financial, lodging, education, etc. Productivity increases in agriculture and manufacturing have allowed more of our economic. Clearly define the problem and the factors that influence it. Evaluate each alternative solution based on its merits and drawbacks.