Final answer:
Inefficient or ineffective operations management is indeed likely to cause poor performance and low levels of quality and productivity, as it results in both productive and allocative inefficiency, leading to resource waste and potential business failure. Therefore, the given statement is true.
Step-by-step explanation:
The statement that inefficient or ineffective operations management will almost inevitably lead to poor performance and low levels of both quality and productivity is true. When operations management is inefficient, resources are not utilized to their maximum effectiveness, which results in productive inefficiency.
Similarly, allocative inefficiency occurs when resources are not allocated to their most valuable uses, leading to outputs that do not match consumer preferences.
Both types of inefficiencies lead to a waste of resources and can inhibit economic growth, hinder competitive edge, and ultimately cause businesses to fail, impacting not only the business but also its employees and associated stakeholders. Effective operations management is critical for maximizing productivity and ensuring the quality of goods and services meets market demands.