Q4 - Entrep Quiz 1

Question 1

is a connection of all the parties, resources, businesses and activities involved in the marketing or distribution through which a product reaches the end customer.
Product Request - Supply Chain - Customer

Answer 1

Supply Chain

Question 2

is an arrangement or offer that is accessible at a discounted cost, yet which you should purchase sooner than you would typically do.

Answer 2

Early bird promo

Question 3

is the conversion of raw materials into final and finished product.

Answer 3

Method

Question 4

is the last round of testing before a product or service at long last delivered to a wide crowd.

Answer 4

Beta Testing

Question 5

refers to the method of purchasing and selling of products or services by electronic means via the Internet.

Answer 5

E-Procurement

Question 6

These activities deliver your product or service to your customer. It involves the collection, storage, and distribution of product or service to customers. It may be internal or external to the organization.

Answer 6

Outbound logistics

Question 7

refers to the method in which businesses receive raw materials, add value to them through production, manufacturing, and other processes to create a finished product, and then sell the finished product to consumers.
Customer Request - Value Chain - Product

Answer 7

Value Chain

Question 8

is a structured format of presenting information about a product.

Answer 8

Product Description

Question 9

is a primer model or sample of another product or service that is made to test a product idea or service measure.

Answer 9

Prototype

Question 10

It relies on a computerized program to measure the number of materials required for production and to decide when to order or produce them.

Answer 10

Material Requirements Planning

Question 11

preferred instrument for in- depth quantitative research.

Answer 11

Survey

Question 12

The manufacturer arranges for materials to enter the manufacturing process just
in time to arrive at production facilities.

Answer 12

Just-in-Time Production

Question 13

refers to the personnel or laborer needed in operations of the business.

Answer 13

Manpower

Question 14

those that are involved in the physical creation, Sale and transfer and support of products or services (including after sale service).

Answer 14

Primary Activities

Question 15

If a manufacturer runs out of the materials that it needs to produce, then
production will cease. Most manufacturers have since learned that they need to handle
inventories more effectively in order to stay competitive. This role requires the two
menaces to strike a balance.

Answer 15

Inventory Control

Question 16

It specifies the routing of all materials on each item based on the sequence of operations in which it is to be used.

Answer 16

Work scheduling

Question 17

It deals with receiving, storing and distributing inputs internally. Your supplier relationships are a key factor in creating value here.
These are conversion/transformation of the inputs into finished products/outputs that are sold to the customer. Here, your operational systems create value.

Answer 17

Inbound logistics

Question 18

All those activities that increase the value of product or services. These are the activities related to maintaining the value of your product or service to your customers, once it’s been purchased.

Answer 18

Services

Question 19

exit includes both the direct and indirect or consumable items.

Answer 19

Materials

Question 20

It is a kind of form that indicates the information on how they would meet the
performance expectations of the customer and the price they would be willing
to pay.

Answer 20

Request for proposal

Question 21

is a characteristic piece of finalizing designs.

Answer 21

Testing Prototype

Question 22

refers to the process of acquiring the materials and services to be used in production?

Answer 22

Procurement

Question 23

Involve activities that create awareness among the general public regarding the product. These are the processes you use to persuade clients to purchase from you instead of your competitors.

Answer 23

Marketing and Sales

Question 24

refers to the process by which firms identify, evaluate, and contract with suppliers

Answer 24

Supplier selection

Question 25

a detailed specification of machinery and equipment must be identified in the operations.

Answer 25

Machine