MGTA02H3 Chapter Notes - Chapter 11: Manufacturing Resource Planning, Mercury Marine, Program Evaluation And Review Technique

35 views4 pages

erincheetah56

1 May 2012

School

Department

Course

Professor

For unlimited access to Textbook Notes, a Class+ subscription is required.

ivanzh686 and 40070 others unlocked

MGTA02H3 Full Course Notes

Verified Note

1 document

Document Summary

Service operations: production activities that yield tangible and intangible service products. (bus driver, clerk, radio announcer. Goods production: production activities that yield tangible products. Production: - historically referred to companies engaged in goods production, but now includes services. Service sector managers focu0s less on equipment and technology and more on human resources (because of the importance of provider-customer contact) Growth of global operations: global competition has increased speed, complexity and technology of production (technology makes firms face constant change) Products (goods and services) provide businesses with economic results (profits, wages, goods purchased from other companies) and non-economic results (technology, innovation, pollution) and provides consumers with utility . Utility: the power of a product to satisfy a human want; something of value (there are 4 kinds) Time utility: the quality of a product satisfying a human want because if the time at which it is made available.

Related Questions

32) Which of the following best describes the term gross domestic product? a) total value of all goods and services produced within a given period by a national economy through domestic factors of production total quantity of goods and services produced by an economic system conditions of the economic system in which an organization operates total quantity and quality of goods and services that a country's citizens can purchase with the currency used in their economic system total value of all goods and services produced by a national economy within a given period regardless of where the factors of production are located

36) Which of the following best describes the term standard of living? a) total quantity and quality of goods and services that a country's citizens can purchase with the currency used in their economic system total quantity of goods and services produced by an economic system the overall quality of life produced by an economic system total value of all goods and services produced by a national economy within a given period, regardless of where the factors of production are located

11) Which of the following best describes the term standard of living? total quantity and quality of goods and services that a country's citizens can purchase with the currency used in their economic system total quantity of goods and services produced by an economic system the overall quality of life produced by an economic system total value of all goods and services produced by a national economy within a given period, regardless of where the factors of production are located

MGTA02H3 Chapter Notes - Chapter 11: Manufacturing Resource Planning, Mercury Marine, Program Evaluation And Review Technique

MGTA02H3 Full Course Notes

Document Summary

Get access

Related Documents

MGTA02H3 Chapter Notes - Chapter 1: Woodworking, Master Production Schedule, Material Requirements Planning

MGTA02H3 Chapter 1: Chapter 1

MGTA02H3 Chapter 1: chapter 1

Related Questions