Essay definitions- processes

Question 1

Inputs

process

Answer 1

Inputs: transformed or transforming resources used in the value-adding process.

Question 2

Inputs: transformed

process

Answer 2

Transformed resources are resources or inputs that are treated, transformed or converted in the operations process.

Question 3

Inputs: transforming

process

Answer 3

Transforming resources are those inputs that carry out the transformation processes:
* HR
* Facilities

Question 4

4Vs: Variation in demand

process

Answer 4

how the transformation processes react/respond during period of variations in demand.

Question 5

Warranty

process

Answer 5

a guarantee that a manufacturer or similar party makes regarding the condition of its product. It includes the terms in which repairs or exchanges will be made if the product does not function as originally described or intended. These MUST be carried out in accordance with the CCA 2010.

Question 6

Outputs

process

Answer 6

What the business produces