LEARNING OUTCOME TWO: Understand The Link Between Operations Management And Strategic Planning11/18/2016
LESSON OBJECTIVE
Assessment Criteria AC 2.2 Assess the impact of the tension between cost minimization and quality maximization in organisations Below are questions pertaining to lesson 5. Please ensure to answer each question correctly. 1. Explain the concept of cost minimization and quality maximization. 2. Identify six (6) benefits and limitations to cost minimization and quality maximization in an organization
Carlene Johnson
11/20/2016 08:40:53 am
1. Cost minimization refer to the process of reducing the cost of operations in an organization and quality maximization refer to the process involve in maximizing quality in the operation and production of an organization. Comments are closed.
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December 2016
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