Final answer:
The operations function exists in firms that are goods-oriented as it manages the processes involved in producing goods efficiently.
Step-by-step explanation:
In firms that are goods-oriented, the operations function exists to manage the processes involved in producing goods, such as manufacturing, quality control, and supply chain management. Operations ensure that goods are produced efficiently, meeting customer demands and maximizing profitability.
For example, in a manufacturing firm, the operations function would be responsible for overseeing the production line, monitoring inventory levels, and coordinating with suppliers to ensure a smooth flow of materials.
Therefore, the statement 'The operations function exists only in firms that are goods-oriented' is false.