is that part of a business organization that is responsible for producing goods and/or services.

are physical items that include raw materials, parts, and final products.

are activities that provide some combination of time, location, form, and psychological value.

is responsible for securing financial resources, budgeting, analyzing investment proposals, and providing funds for operations.

is responsible for assesing consumer wants and needs, and selling and promoting goods or sevices.

is responsible for producing the goods or providing the services offered by the organization.

Three Basic Functions of Business Organizations

the management of systems or processes that create goods and/or provide services.

is the sequence of organizations- their facilities, functions, and activities-that are involved in producing and delivering a product or service.

determining what products and/or services customer wants

predicting the quantity of customer demand

incorporating customers, manufacturability, and time to market.

matching supply and demand

controlling quality, scheduling work

meeting demand requirements

evaluating potential suppliers

monitoring supplier quality, on-time delivery, maintaining supplier relations.

determining the location of facilities

deciding how to best move information and materials

is that of planner and decision maker.