OPERATIONS: Role

Question 1

What is cost leadership?

Answer 1

Producing goods at the lowest possible cost whilst still being acceptable to customers.

Question 2

What is cross-branding?

Answer 2

When two brands work together to create a new product that uses both brands like the Woolworths–Caltex alliance.

Question 3

What is the interdependence of operations and finance?

Answer 3

Finance is required for inputs, machinery, etc.

Question 4

What is the interdependence of operations and HR?

Answer 4

Technologies in operations process change the way employees conduct their jobs.