Question

The area of management concerned with designing and overseeing the process of production is which of the following?

1) Human Resource Management
2) Operations Management
3) Financial Management
4) Marketing Management

Answer 1

Operations Management is the field of management tasked with overseeing production processes, making decisions about products, production methods, and market strategies to maximize efficiency and effectiveness.

Step-by-step explanation:

The area of management concerned with designing and overseeing the process of production is Operations Management. Operations Management is a field that involves making crucial decisions about what products or services a firm should produce, the production processes, the amount of output, the pricing, and the amount of labor employed. These decisions are influenced by production and cost conditions and the market structure, which involves factors such as market power, product similarity, and barriers to industry entry. Operations Management integrates different aspects like raw material sourcing, production, and distribution to ensure efficient and effective production.