Operations managers should be well versed in what disciplines in order to make good decisions?
What will be an ideal response?
Management science, information technology, and often one of the biological or physical sciences.
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Which of the following statements is true about a reduce-market-focus defensive strategy?
A) It involves introducing new lines of products. B) It requires an increase in the marketing budget. C) It will likely lead to lower levels of profitability as a percentage of sales. D) It is most appropriate when a business has the resources to invest in protecting its current share position. E) It involves trimming market share in an effort to improve profit performance.
When solving a linear programming problem, a decision variable that leaves the basis in one iteration of the simplex method can return to the basis on a later iteration
Indicate whether this statement is true or false.