4.05 Nature of Production
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| assembly line | show 🗑
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| Automation | show 🗑
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| show | The production of items in specific amounts, or batches
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| Capital | show 🗑
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| show | Manufactured or constructed items that are used to produce goods and services
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| show | A conversion process that depends on the use of equipment
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| show | Tangible items produced for personal goods and services
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| Continuous production process | show 🗑
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| show | the process of turning economic resources into products
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| show | The process of raising funds from a large group of people, usually via the internet
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| show | Issuing orders for production to start
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| Factors of production | show 🗑
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| show | Money needed to operate a business
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| Form Utility | show 🗑
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| Goods | show 🗑
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| show | People who work to produce goods and services
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| show | Tangible items that will be consumed by the industrial user
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| show | The specific economic resources used in producing goods and services
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| show | Not having a physical presence
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| Intermittent production process | show 🗑
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| show | A nongovernmental Organization that develops and publishes standards for business, government, and society
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| Labor-intensive process | show 🗑
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| mass production | show 🗑
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| show | Items that are found in nature and used to produce goods and services
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| Outputs | show 🗑
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| show | the economic process or activity of producing goods and services
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| show | Determining how products will be produced and in what amounts
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| show | the way in which production is carried out
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| Purchasing | show 🗑
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| Robotics | show 🗑
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| show | The activity that determines the sequence of the steps for production `
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| show | The activity that establishes the timetable to be followed in production
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| show | Intangible activities that are performed by other people for money; productive acts that satisfy economic wants
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| Tangible | show 🗑
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| show | The production of one item at a time or times in small quantities
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Created by:
Julianr.