In most industries, only minor costs of producing a product or service are incurred within operations, so production and operations does not have great value as a competitive weapon in a company's overall strategy.

Question

Quizplus · Accepted Answer

This statement is false. In many industries, the costs of production and operations can play a significant role in a company's overall strategy and competitiveness. Efficient and effective production and operations can lead to lower costs, faster delivery times, and higher quality, which can give a company a competitive advantage. For example, in the manufacturing industry, production efficiency and quality control are critical components of a company's competitiveness.

In Most Industries, Only Minor Costs of Producing a Product