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Who oversees the workforce and resources required to produce the firm's products?

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User Vikash
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1 Answer

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Final answer:

The operations or production manager oversees the workforce and resources in a firm, making decisions on production matters such as product types, production processes, output levels, pricing, and labor employment.

Step-by-step explanation:

The individual who oversees the workforce and resources required to produce the firm's products is typically the operations manager or production manager. This managerial role involves making key decisions regarding the various aspects of production, such as determining what products should be produced based on market demand and company strategy. Furthermore, it involves selecting the production process that optimizes efficiency and quality, while considering cost implications.

The manager also establishes how much output the firm should produce to meet sales forecasts and inventory requirements. Setting the right price for products is crucial to the firm's profitability and competitiveness, which is often determined through market analysis and cost-plus pricing strategies. Lastly, an operations manager decides on how much labor to employ, ensuring there is sufficient staff to meet production targets without inflating operational costs.

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User Yo
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