intro to Business pt.2

between what years did the federal reserve decrease interest rates from 6.5% to 1.25%

2000-2004

what was the dollar amount of the stimulus package that President Obama and Congress passed called the American recovery

$825

which ones is not one of the 4 fundamental rights of capitalism

the right to own a business and keep pretax profits

what does ppi stand for

producer paid index

to operations manager efficient=cy means producing a product at the lowest cost

from focus on efficiency to focus on effectiveness

the strategy that was to achieve reduction in average cost by taking advantage of specialization and the efficient use of capital

from mass production to mass customization

The shift from a cost perspective to a value perspective has led operations manager to extend their view beyond the traditional supply chain to encompass a broader range f processes and organizations known as a value chain

from simple supply chain to complex value chains