Business Essentials (12th Edition) (What's New in Intro to Business)
12th Edition
ISBN: 9780134728391
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 7, Problem 7.13A
Summary Introduction
To determine: The key characteristics that seem to be most prominent during the development stage of the business.
Introduction:
A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
To better understand the operations manager position, you need to experience it and make the types of decisions an operations manager would make. For your Unit 3 project, your challenge was to develop your own idea for a business. For your Unit 5 Project, your challenge is to use the information from your Unit 3 Project to develop a SWOT analysis on each major section of your hypothetical organisations operations and logistics; especially focusing on its ability to respond to disruptions. Based on these disruptions and your SWOT analysis, you must present recommendations for proactively sustaining your organisations competitive advantage. To prepare for this assignment: Reflect on your hypothetical organisations ability to respond to your researched disruptions. Identify methods for establishing traceability/visibility throughout the supply chain network of your hypothetical organisation. Reflect on ways to maintain a competitive advantage. To complete this assignment: Conduct a SWOT…
What are the components of an operations plan and how do they fit with the business's functional strategies?
What is the value chain analysis? What does the gain firm when they successfully uses this tool?
Chapter 7 Solutions
Business Essentials (12th Edition) (What's New in Intro to Business)
Ch. 7 - Prob. 7.1QRCh. 7 - Prob. 7.2QRCh. 7 - Prob. 7.3QRCh. 7 - Prob. 7.4QRCh. 7 - Prob. 7.5QACh. 7 - What type of business strategy does Disney use to...Ch. 7 - Choose three different businesses that you...Ch. 7 - Prob. 7.8QACh. 7 - Map out the process for enrolling in classes at...Ch. 7 - Interview the manager of a local service business,...
Ch. 7 - In what ways is your business connected with...Ch. 7 - Prob. 7.12ACh. 7 - Prob. 7.13ACh. 7 - Prob. 7.14ACh. 7 - Prob. 7.15ACh. 7 - Prob. 7.16TECh. 7 - Prob. 7.17TECh. 7 - Prob. 7.18TECh. 7 - Prob. 7.19TECh. 7 - Prob. 7.20EECh. 7 - Prob. 7.21EECh. 7 - Prob. 7.22EECh. 7 - How would you define quality and how is quality...Ch. 7 - Prob. 7.24CCh. 7 - Prob. 7.25CCh. 7 - Prob. 7.26CCh. 7 - Prob. 7.27CCh. 7 - How would you define quality for Yahoos situation...Ch. 7 - Prob. 7.29CCh. 7 - Prob. 7.30CCh. 7 - Prob. 7.31CCh. 7 - Prob. 7.32C
Knowledge Booster
Similar questions
- Operational review procedures embrace the concept of conducting operations for economy, efficiency, and effectiveness. Provide a brief description of the ECONOMY aspect, and provide an example.arrow_forwardMany organizations offers a combination of goods and services to their customers. As you learned in the week one, there are some key difference between production of goods and delivery of services. What are the implication of these differences relative to managing operations? Explain with examples.arrow_forwardWhat distinguishes the role of an operations manager from that of a marketing or finance manager? What are the similarities and differences between these two functions?arrow_forward
- Discuss the role of the operations manager and identify two approaches for the below activities and justify your selection for recruitment and selection of operation and technical staff of a business Communication to staff on pending changes and other relevant information. Preserving the brand of the company and maintaining its local and global standing.arrow_forwardDescribe the nature of operations management in the following organizations. In doing this, first, identify the outputs of the organization, and then use the five decision types to identify important operations decisions and responsibilities. For the organizations listed in question 1, describe the inputs, transformation process, and outputs of the production system.arrow_forwardWhat is a road map in Operations and Supply Chain Management and how is it relevant for business success?arrow_forward
- The first question is: why is it important for students, interns, and entrepreneurs to have a practical understanding of operations management from an early stage?arrow_forwardExplain the Benefits of using the customer as a leader of operations?arrow_forwardPlease describe the Operations and Management Plan and what it includes.arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill Education
Management (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSON
Business Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSON
Fundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON