Select the correct answer from each drop-down menu.
What is a collective combination of management, money, material, and machinery; and what includes arranging capital for new machinery, raw
materials, and development activities?
Is
An——-is a collective combination of management, money, material, and machinery that work together as a single unit
to achieve the set objectives and execute the plans, while ——- includes arranging capital for new machinery, raw
materials, and training and development activities.

Respuesta :

An operational management is a collective combination of management, money, material, and machinery that work together as a single unit.

What Is the Definition of Operations Management (OM)?

Operations management is the administration of business procedures inside an organization to achieve the best degree of efficiency achievable.

Operations management teams strive to produce the maximum net operational profit feasible by balancing expenses and income.

An operational management is a collective combination of management, money, material, and machinery that work together as a single unit.

Hence, operational management is the correct answer.

To learn more about the operational management, refer:

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