Study guides, Class notes & Summaries

GMS 401 Final exam Questions and Answers 100% Pass Production - Answer- the creation of goods and services Operations Management - Answer- Activities that relate to the creation of goods and services through the transformation of inputs to outputs Supply chain - Answer- A global network of organizations and activities that supply a firm with goods and services Services - Answer- Economic activities that typically produce an intangible product (such as education, entertainment, lodging, g...

GMS 401 FINAL EXAM COMPLETE SOLUTION 2024 UPDATE GRADED A+

GMS 401 MIDTERM 2 EXAM QUESTIONS AND ANSWERS 100% CORRECT What is Managing Quality? - Answer- Managing quality supports differentiation, low cost, and response strategies What does quality do? - Answer- Quality helps firms increase sales and reduce costs Quality Definition - Answer- The totality of features and characteristics of a product or service that bears on its ability to satisfy stated or implied needs. Quality improves Profitability through sales gains by? - Answer- 1. improved r...

GMS 401 - Midterm #1 Exam Questions and Answers 100% Pass Operations Management - Answer- the management of activities and resources that create goods and or provide services Activities in Operations - Answer- Forecasting Capacity Planning Scheduling Managing Inventories Assuring Quality Employee Motivation and Training Location of Facilities Buying Materials Efficiency - Answer- Operating at minimum cost and time Effectiveness - Answer- Achieving quality and timeliness Functions w...

GMS 401 Final exam Questions and Answers 100% Pass Production - Answer- the creation of goods and services Operations Management - Answer- Activities that relate to the creation of goods and services through the transformation of inputs to outputs Supply chain - Answer- A global network of organizations and activities that supply a firm with goods and services Services - Answer- Economic activities that typically produce an intangible product (such as education, entertainment, lodging, g...

GMS 401 Final exam Questions and Answers 100% Pass Production - Answer- the creation of goods and services Operations Management - Answer- Activities that relate to the creation of goods and services through the transformation of inputs to outputs Supply chain - Answer- A global network of organizations and activities that supply a firm with goods and services Services - Answer- Economic activities that typically produce an intangible product (such as education, entertainment, lodging, g...

GMS 401 Midterm: Chapters 1-5 Questions and Answers How many of Characteristics of Operations are there? - Answer- 5 1st Characteristic of Operations - Answer- Accounts for largest share of the personnel and fixed capital investment 2nd Characteristic of Operations - Answer- Runs 24/7 and must be managed continously 3rd Characteristic of Operations - Answer- Complex system with the best technology 4th Characteristic of Operations - Answer- Management is information intensive and require...

2024 GMS 401 - final exam questions and answers Toronto Metropolitan University.

2024 GMS 401 - final exam questions and answers Toronto Metropolitan University.

GMS 401 Final exam Toronto Metropolitan University.