Graded Homework

1. 1. the following 5 questions answered
   2. 1. Research one of these two trade agreements (NAFTA or WTO). Describe the effects of the agreement on one type of operation or industry here in the USA.
   3. 2. Operations management must support the company mission and overall strategy. Define mission and strategy and describe how these two serve different purposes.

3. Forecasting is a critical function in operations management. Explain how demand forecasting affects one different operational system. 4. Briefly describe the qualitative approach of forecasting. 5. Briefly describe the quantitative approach of forecasting.