It is an aspect of producing products that uses common and interchangeable parts.
OM CHAPTER 1 & 2 - SHORT QUIZ

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1.
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2.
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It is the direction of and control of the processes that transform inputs into outputs for customers.
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It is a map of a process showing the steps as various shapes in sequence, connected by arrows.
4.
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It is an activity in the organization that transforms inputs into outputs.
5.
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It is an aspect of producing products that focuses on reducing the number of features and parts.
6.
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These are raw materials that are turned into a final product.
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A calculation that uses expenses and revenues to determine how many units of a product you would need to sell to generate enough revenues to cover the expenses incurred in producing it.
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