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9 Cards in this Set
- Front
- Back
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The creation of goods and services |
Production |
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Activities that relate to the creation of goods and services through the transformation of inputs to outputs |
Operations Management |
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A global network of organizations and activities that supplies a firm with goods and services |
Supply chain |
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Economic activities that typically produce an intangible product (such as education for example) |
Services |
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The segment of the economy that includes trade, financial, lodging, education, legal, medical and other professional occupations |
Service sector |
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The ratio of outputs (goods and services) divided by one or more inputs (such as labor, capital, and management) |
Productivity |
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The three factors critical to productivity improvement-labor, capital, and the art and science of management |
Productivity variables |
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A society in which much of labor force has migrated from manual work to work based on knowledge |
Knowledge society |
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Those with a vested interest in an organization, including customers, distributors, suppliers, owners, lenders, employees, and community members |
Stakeholders |
