44. In order for customers to perceive that a company offers them more value or more utility perdollar, the company must work to improve what might be referred to asa) Value ratiob) Value for moneyc) Customer satisfactiond) Satisfaction45. Which one does not use operations management?a) Bankb) Hospitalc) Restaurantd) None of the above46. Business organizations compete with each other in a variety of ways, such as all of thefollowing excepta) Priceb) Product or service featuresc) Flexibilityd) All of the above47. The definition of quality that involves the product functioning as expected without failureisa) Performanceb) Standardizationc) Conformanced) Reliabilityrespect to competitive priorities, intermittent operations compete more oncompared to repetitive operations.48.

44) option d is correct. satisfaction 45) option d is correct. because All the given options are…

Answered: a) Value ratio b) Value for money c)…

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) Value ratio b) Value for money c) Customer satisfaction d) Satisfaction 45. Which one does not use operations management? a) Bank b) Hospital