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Stevenson.(Chapter 1) Recognizing the importance of operations management and knowing how it works among society today, is the key to learning what it is. Business organizations typically have three basic functional areas which are finance, marketing, and operations.
Finance department is responsible for ensuring financial resources at good agreeable prices and distributing those resources throughout the organization. This would include budgeting, analyzing investment propositions and providing funds for operations. Marketing department would be responsible for assessing consumer wants and needs, selling and promoting the organization's goods and services...
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