Final answer:
The statement is false; both an airline company and a bicycle manufacturer share several aspects of operations management like managing costs, supplies, scheduling, and competitive strategies.
Step-by-step explanation:
The statement that the operations management activities of an airline company have nothing in common with the operations management activities within a bicycle manufacturing company is false. Despite operating in different industries, both airlines and bicycle manufacturers share several core aspects of operations management. These include managing supplies and inventories, scheduling, maintenance, quality control, and optimizing production/service delivery processes to meet customer demand and maximize profitability.
For example, both types of companies need to consider the costs involved in their operations, though the specific costs will differ. A bicycle manufacturer will consider the cost of raw materials and the manufacturing process, while an airline considers fuel costs and aircraft maintenance. Additionally, both may engage in competitive strategies, such as when an incumbent airline slashes prices to outcompete a new entrant, similar to how a bicycle company might lower prices to remain competitive against new market entrants.