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T or F , the set of activites creat value in the form of good or...

T or F , the set of activites creat value in the form of good or service by transforming input into output is called opreation managment

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Ans: True

The set of activities create value in the form of good and service by transforming input into output is called operation management. This Statement is True.

Operation Management is the process in which inputs such as land, labor, capital, equipments, resources, information, etc. are transformed or converted into output such as Goods and Services and these goods and services provide added values to customers.

Added Values means providing quality products, fair price product, good quantity, after sales service, etc.

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