(a) Differentiate between production concept and product concept. Discuss why some companies operate under the concepts and provide examples of real company adopted the concepts.
(a) Differentiate between production concept and product concept. Discuss why some companies operate under the concepts and provide examples of real company adopted the concepts.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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(a) Differentiate between production concept and product concept. Discuss why some companies operate under the concepts and provide examples of real company adopted the concepts.
(b) The vision statement of Open University Malaysia (OUM) is “to be the Leading Provider of Flexible Learning.' The assessment of current and future desired sales indicates that OUM has growth potential. Suggest three strategies on how OUM can bridge the gap in strategic planning.
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