Business Essentials (12th Edition) (What's New in Intro to Business)
Business Essentials (12th Edition) (What's New in Intro to Business)
12th Edition
ISBN: 9780134728391
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
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Chapter 7, Problem 7.11A

In what ways is your business connected with service operations? Identify the ways it is connected with goods production. Which of these, service operations or goods production, is more important to your business? Why?

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Explain the value chain and highlight its importance. Identify its components and explain how they work. Answer the following questions: Discusses and defines the logistics of the value chain. Mention the two parts into which it is divided and how they differ. Highlights its importance. Explains how the support activities of the value chain contribute to achieving good results in the operations of a business.
“Services are very different from manufacturing. Therefore, it is not appropriate to use the same set of principles for managing operations in manufacturing and service organization.” Do you agree with this statement? Give reasons in support of your argument.
Give three examples of services you are familiar with that include all of the following: there is an intangible portion to the offering, it is time-perishable, and it involves the customer as co-producer. Explain your answers.
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