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Business Foundations
Quick questions on Operations Management - TCE Business Studies (Tasmania)
3short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is the operations function?Show answer
Operations is the business function that creates the goods or services a business sells. It is the core value-adding activity, turning resources into outputs that customers will pay more for than the cost of the inputs.
What are key operations objectives?Show answer
Operations managers balance several goals: productivity (output per unit of input), quality (fitness for purpose), cost control, flexibility, speed and dependability. Improving one can affect another, so trade-offs are common - for example, very high customisation can reduce productivity.
What are sustainability in operations?Show answer
Modern operations also consider environmental sustainability: reducing energy and water use, minimising waste, and sourcing responsibly. This can lower costs, meet legal and community expectations, and strengthen brand reputation.
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