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4.05 Nature of Production

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Term
Definition
show A production method in which the product moves past workers who each do one assigned production task  
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show A method of operating or controlling a process in which tasks are completed by automatic means, such as technology, reducing human effort and labor  
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show The production of items in specific amounts, or batches  
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show assets of a business  
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Capital goods   show
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Capital-Intensive process   show
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show Tangible items produced for personal goods and services  
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show A production process that turns out products without stopping  
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Conversion process   show
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Crowdfunding   show
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Dispatching   show
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show productive resources; human and natural resources and capital goods ; also know as economic resources  
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show Money needed to operate a business  
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show Usefulness created by altering or changing the form, shape, or looks of a good to make it useful or attractive to the end user  
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show Tangible objects that can be manufactured or produced for resale  
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show People who work to produce goods and services  
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Industrial goods   show
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inputs   show
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Intangible   show
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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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show the goods and services produced as the result of combing inputs  
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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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Production Process   show
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Purchasing   show
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show A mass production technique in which robots carry out the repetitive tasks that workers would find monotonous and tiring  
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show The activity that determines the sequence of the steps for production `  
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Scheduling   show
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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.