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Principles of Business Operations
- 1. Principles of Business, Marketing, and Finance Lesson Eight Production, Distribution, and Other Business Operations UNT in partnership with TEA, Copyright ©. All rights reserved
- 8. Types of Business Operations UNT in partnership with TEA, Copyright ©. All rights reserved 8
Editor's Notes
- Ask students to give examples of “new” and “improved” products. Then explain how applied research helped determine the product changes. Ask students to briefly write about a new product that they expect to be a big hit. Then conduct class discussion about the ideas.
- The U.S. has steadily changed from a production to a service society. Ask students which parts of the country have been hit hard by this transition. Then ask students how manufacturing could be revived in the U.S.
- Facilities Mgmt.-buildings, energy and environmental management. Logistics-supply chain management. Just-in-time: goods arrive only when needed. Scheduling-determining activities to complete and necessary people and resources. Safety and security-protecting people and property from injuries and damages. Information management-collecting and managing necessary information.
- Technology has allowed key individuals involved in the business operation process to communicate from different locations. Essential communication has been made easier with the latest technology
- Ask students to list examples of actual businesses for the following categories: extractors, manufacturers, intermediaries, and service business. Explain how contingent workers have become increasing popular in a dynamic world. Then explain how businesses save money by hiring contingent workers who do not require fringe benefits.
- Fast food restaurants frequently test market new products in different geographic regions before making decisions to implement new products nationwide. Brand names carry customer expectations
- Ask students to give examples of limited production items and test marketing