Production

Question 0

What is efficient?

Answer 0

To be efficient is to produce using minimal resources (time, money, materials). Could also be considered running steady, at a consistent pace.

Question 1

Production is effective when?

Answer 1

Production is effectivewhen it achieves the desired results.

Question 2

What is productivity?

Answer 2

productivityis the amount of output that can be produced in relationship to resource input (such as hours worked).

Question 3

What is E-commerce?

Answer 3

Electronic commerce, commonly known as e-commerce, is a type of industry where buying and selling of product or service is conducted over electronic systems such as the Internet and other computer networks.

Google and Amazon

Question 4

What is B2C?

Answer 4

business to consumersis styled B2C.

Question 5

What is B2B?

Answer 5

the fastestgrowing kind of e-commerce is business-to-business (B2B).

Question 6

What are Uniform Product Codes (UPCs)?

Answer 6

Bar codes—called Uniform Product Codes (UPCs).

Question 7

What does value equal=

Answer 7

value = high quality + outstanding service
In the world of business, the term value has a special meaning. In the increasingly competitive global business environment, quality has been a primary concern. Many companies strive for “no-defect” product production. But, as it turns out, product quality alone isn’t all it takes to get that competitive edge. The other necessity is outstanding service.

Question 8

What is The path to value?

Answer 8

The path to value requires knowing one’s customer.