Final answer:
Operations management is applicable to all firms, whether manufacturing and service. It involves the planning, organizing, and controlling of the production processes and resources to ensure efficiency and effectiveness.
Step-by-step explanation:
Operations management is applicable to all firms, whether manufacturing and service. It involves the planning, organizing, and controlling of the production processes and resources to ensure efficiency and effectiveness. For example, a manufacturing company would focus on optimizing the production line and inventory management, while a service company would focus on streamlining service delivery and resource allocation.