Production Procese ➡️➡️➡️➡️➡️➡️➡️✔️❗️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️🔷 Flashcards
1
Q
Labour
A
The work that is done by labourers (workers)
2
Q
Capital
A
Money or property that can be used to make more money such as land example factory buildings trucks equipment
3
Q
Entrepreneurship
A
Is starting the business and making important decisions and managing the business
4
Q
Production terms start now
What is input
A
Factors of production the things you put in to make a product
5
Q
Output
A
The final good or service produced
6
Q
What is quality
A
The standard of what is produced
7
Q
Quantity
A
The amount produced
8
Q
Efficiency
A
Producing with the least waste of effort and time
9
Q
Produce
A
The make something
10
Q
Product
A
The good or service that has been produced
11
Q
What is a raw material
A
Natural resources or man made resources
