No business organization could exist without operations management and supply

chain.
-True
The success and survival of the business depend on the selection of product and its
design.
-true
Planning is not needed in production management.
-false
It is an act of creating something useful.
-Production
To match the demand for the product, right production capacity must be selected by
production management.
-true
It refers to the planning, acquisition, utilization and control of physical
resources employed in the provision of goods and services.
_____ ~Organization management
Production management
Production management helps in the expansion of business.
true
Which of the following is true with regards to capital productivity?
-With the given level of input and efficient use of existing technology, output
increase can be achieved.
The focus of logistics is the flow of goods and materials from the suppliers,
through the business organization and to the customers, with efficiency and cost
effectiveness as its ________ priority.
-First
It refers to evaluating how the manufacturing of goods was done and if there is a
need to take corrective actions.
Process evaluation
In screening ideas, business firm should consider _________.
Competition, company's existing products , needs of the market and their
shortcomings
Which of the following does not belong to the ways on how to get information on the
needs of customers?
Estimate the price of the product
Demand forecasting is a sales estimate during a specified time in the future based
on the proposed _________ plan and a set of a specific uncontrollable and
competitive force.
marketing
It refers to something that is being made and with a purpose to be sold to
consumers.
Product
Documenting the specification of products should be done in product and service
designing.
true
Forecast or time estimates are past oriented.
false
It means prediction the future as accurately as possible. , available information
which includes historical data and knowledge of any future events that might impact
the forecasts should be given.

forecasting
The consumer products which costumers usually compare on the price, quality and
style in the process of their selection and purchase of goods and services.
shopping