In the context of operations management, effectiveness means finding ways to give customers more for their money while still making a profit.
Answer the following statement true (T) or false (F)
True
Effectiveness means producing products that create value by providing customers with goods and services that offer a better relationship between price and perceived benefits. In other words, effectiveness means finding ways to give customers more for their money—while still making a profit. See 17-1: Operations Management: Producing Value in a Changing Environment
You might also like to view...
Briefly describe creative behavior and decision-making taskwork processes, and give one example of each.
What will be an ideal response?
A ________ is defined as resistance by the prospect to the salesperson's request.
A. buyer postponement B. sales objection C. customer forestalling D. selling challenge E. sales stalemate
Property taxes on an organization's plant building are considered as committed costs
Indicate whether the statement is true or false
What is the single most important resource in any organization?
A. Money B. Opportunity C. Technology D. People