What are the three fundamental processes in any business? Describe each component carefully and indicate how they are all related to each other.

Complete Writing Assignment
BAM421 – OPERATIONS MANAGEMENT
Writing Assignment 2
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O What are the three fundamental processes in any business? Describe each component carefully and indicate how they are all related to each other.
O Explain why such forecasting devices as moving averages, weighted averages, and exponential smoothing are not well suited for data series with trends.
O Why is capacity planning important? How is it done? Give examples to support your answer.