To explain:The meaning of production and operations strategy; the common and uncommon elements between the productionand operation strategy and marketing and financial strategy.
Introduction: The production and operations strategy are a specified business strategy designed for allocation purpose of resources. In other words, to make the production process work effectively and simultaneously to minimize production costs so far as possible, these strategies are made.
Marketing and financial strategies are also important strategies a company uses to earn maximum revenue within a budget.
The common elements found between production and operations strategy; and marketing and financial strategies are:-
The elements found as different between production and operations strategy; and marketing and financial strategies are: