Key Elements of an Operations System Flashcards
1
Q
What are the key elements of an operations system?
A
- Inputs
- Processes
- Outputs
2
Q
Define inputs
A
The resources used to produce a good or service. Land, labour and capital.
3
Q
Define processes
A
Any activity that the business undertakes that transforms inputs into outputs.
4
Q
Define outputs
A
The finished products or services produced by the business which is offered to customers. The quality of the good produced is determined by the input and processes undertaken.
