ENTREPRENEURSHIP

ENTREPRENEURIAL PLANNING

OPERATIONS PLANNING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
____ is concerned with the activities that attempt to reconcile the demands of the market and the ability of the operation’s resources to deliver.
A
Planning and control
B
Planning
C
Control is concerned with the activities that attempt to reconcile the demands of the market and the ability of the operation’s resources to deliver.
D
None of the above
Explanation: 

Detailed explanation-1: -Planning and control is concerned with the activities that attempt to reconcile the demand of the market and the ability of the operation’s resources to deliver. It provides the systems procedures and decisions which bring different aspects of supply and demand together.

Detailed explanation-2: -What are the types of operations management? Types of operations management include operations and production efficiency, quality management, and inventory and supply chain management. Operational efficiency measures the profitability of a company based on its operations.

Detailed explanation-3: -Production planning and control manages and schedules the allocation of human resources, raw materials, work centers, machinery, and production processes. It finds the most efficient way to produce finished goods with the lead times needed to meet production demand.

There is 1 question to complete.