LESSON 6

Question 1

WHAT ARE THE 4Ms OF PRODUCTION

Answer 1

1. METHODS
2. MANPOWER
3. MACHINE
4. MATERIALS

Question 2

WHAT IS BENEFITS?

Answer 2

THE REASONS WHY CUSTOMERS DECIDES TO BUT A PRODUCT

Question 3

SKILLS AND EXPERTISE

Answer 3

IS IMPORTANT IN CONSIDERING MANPOWER

Question 4

EDUCATIONAL QUALIFICATIONS AND EXPERIENCE

Answer 4

A CRITERIA IN MANPOWER

Question 5

MACHINE

Answer 5

REFERS TO THE MANUFACTURING EQUIPMENT

Question 6

MANPOWER

Answer 6

REFERS TO THE WORKERS INVOLVED IN THE PRODUCTION OF GOODS

Question 7

MATERIALS

Answer 7

THE RAW MATERIALS NEEDED IN THE PRODUCTION OF A PRODUCT

Question 8

METHOD

Answer 8

THE TECHNIQUE OF CONVERTING RAW MATERIALS TO FINISHED PRODUCTS

Question 9

SUPPLIERS

Answer 9

SUPPLIEA GOODS AND SERVICES TO ANOTHER ORGANIZATION

Question 10

BUSINESS MODEL

Answer 10

THE RATIONALE OF HOW AN ORGANIZATION CREATES, DELIVERS AND CAPTURES IN ECONOMIC, SOCIAL AND OTHER CONTEXTS

Question 11

VALUE CHAIN

Answer 11

ACTIVITIES BY WHICH A COMPANY ADDS VALUE TO AN ARTICLE INCLUDING PRODUCTION, MARKETING, AND PROVISIONS OF AFTERSALES SERVICE.

Question 12

SUPPLY CHAIN

Answer 12

INVOLVED IN MOVING A PROUDUCT OR SERVICE FROM SUPPLIER TO CUSTOMER

Question 13

PRODUCT

Answer 13

FACTORS CONSIDERED IN PRODUCTION METHOD

Question 14

PROTOTYPE

Answer 14

A REPLICA OF A PRODUCT

Question 15

PRODUCT DESCRIPTION

Answer 15

EXPLAINS WHAT A PRODUCT IS AND ITS BENEFITS

Question 16

OUTPUT

Answer 16

THE FINAL PRODUCT OF THE PRODUCTION PROCESS DISTRIBUTED TO CUSTOMERS