Production System Flashcards

1
Q

The three important elements in the Production System

A
  1. Input
  2. Production Process
  3. Output
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2
Q

The input includes the:

A
  1. Manpower
  2. Materials
  3. Machine
  4. Design
  5. Instructions
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3
Q

It is also referred to as TRANSFORMATION OR CONVERSION PROCESS. It is the stage where the MATERIALS ARE TRANSFORMED INTO THE FINAL PRODUCT

A

Production process

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4
Q

The most serious issues in the whole production system are the ___ and the ___

A

Inputs, Transformation Process

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5
Q

What are the FOUR MʼS OF PRODUCTION?

A
  1. Manpower
  2. Method
  3. Machine
  4. Materials
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6
Q

It talks about HUMAN LABOR FORCE involved in thr manufacture of products

A

Manpower

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7
Q

It simply refers to the raw MATERIALS necessary in the production of a product

A

Materials

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8
Q

It is about the MANUFACTURING EQUIPMENT used in the production of goods or delivery services

A

Machine

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9
Q

It is the PROCESS OR WAY OF TRANSFORMING RAW MATERIALS TO FINISHED PRODUCTS

A

Method

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10
Q

It is the PHYSICAL OUTPUT OF THE WHOLE PRODUCTION PROCESS

A

Product

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11
Q

A product can be a ____ and ___

A

Heterogeneous product, Homogeneous product

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12
Q

A ___ has a PHYSICAL APPEARANCE, TASTE, OR CHEMICAL CONTENT THAT CAN BE HARDLY DISTINGUISHED FROM THAT OF OTHER PRODUCTS

A

Homogeneous product

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13
Q

A ___ has DISSIMILAR CHARACTERISTICS, PARTS, AND PHYSICAL APPEARANCE and can be EASILY IDENTIFIED FROM OTHER PRODUCTS.

A

Heterogeneous product

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14
Q

It PROMOTES AND EXPLAINS WHAT A PRODUCT IS AND WHY IT’S WORTH BUYING. It also provides customers with details around the features and benefits of the product

A

Product description

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15
Q

It is CREATED BEFORE THE MASSIVE PRODUCTION

A

Prototype

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16
Q

In manufacturing venture, the ___ plays a vital role

A

Supplier

17
Q

It is a METHOD OR ACTIVITIES BY WHICH A COMPANY ADDS VALUE TO AN ITEM, production marketing and the provision after-sales service.

A

Value chain

18
Q

A __ is a STRUCTURE OF ORGANIZATIONS, people, activities data, and resources involved in moving a product or service from supplier to customer.

A

Supply chain

19
Q

It DESCRIBES THE FACTORS OF HOW AN ORGANIZATION CREATES, DELIVERS, AND CAPTURES VALUE IN ECONOMIC, SOCIAL, CULTURAL OR OTHER CONTEXTS.

A

Business model

20
Q

Entrepreneurs who plan to enter a business endeavor must have a ___ on hand to guide them throughout the process.

A

Business plan

21
Q

What are the components of a business plan?

A
  1. Introduction
  2. Executive summary
  3. Management section
  4. Marketing section
  5. Financial section
  6. Production section
  7. Competitive analysis
  8. Market
  9. Organizational chart
22
Q

It discusses what the business plan is all about

A

Introduction

23
Q

It is the part of the business plan which is FIRST TO BE REPRESENTED BUT THE LAST TO BE MADE

A

Executive Summary

24
Q

It shows HOW YOU WILL MANAGE YOUR BUSINESS

A

Management section

25
Q

It shows the DESIGN OF YOUR PRODUCT/SERVICE, WHERE YOU WILL SELL AND HOW YOU WILL INTRODUCE YOUR PRODUCT

A

Marketing design

26
Q

Shows the MONEY needed for the business

A

Financial section

27
Q

It shows the AREA, EQUIPMENT, AND MATERIALS needed for the business

A

Production section

28
Q

A STRATEGY WHERE YOU IDENTIFY MAJOR COMPETITORS

A

Competitive Analysis

29
Q

Refers to the PERSONS WHO WILL BUY THE PRODUCT OR SERVIVES

A

Market

30
Q

DIAGRAM showing graphically the relation of one official to another or others of a company

A

Organizational chart