Many rapidly growing firms are outsourcing areas like engineering, design, and manufacturing with the use of the , thus, developing an inter-firm approach to operations management.

Outsourcing is a strategy that involvesMultiple choice question.conducting value chain operations in-house rather than relying on outside vendors.merging with or acquiring a company that specializes in an operation further up the value chain.contracting out certain value chain activities that are normally performed in-house to outside vendors.moving value chain activities from one division in the company to another.

OPERATIONS MANAGEMENT

What is the goal of operations management in service industries?

Operations management refers toMultiple Choicethe development and administration of the activities involved in transforming resources into goods and services.the activities and processes used in making tangible products.the activities and processes used in making both tangible and intangible products.connecting and integrating all parties or members of the distribution system in order to satisfy customers.

Multiple Choice QuestionUsing an Internet-focused strategy, operations managers are outsourcing design, production, and shipping to other firms. This process is called a(n):Multiple choice question.inter-firm processone firm processmass production processintra-firm process