Question

What is O. M? How it is introduced?

Answer 1

Explanation:

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Answer 2

Answer:

All businesses produce something, be this tangible or intangible. Traditionally, when we think of production we tend to think of firms manufacturing physical goods in factories and on production lines. However, the experience of most modern, developed economies is that the manufacturing element is actually a smaller part of the economy than the provision of services. There are exceptions; Germany, for example, is still a significant manufacturing and exporting economy.