4.05 Nature of Production
Help!
|
|
||||
|---|---|---|---|---|---|
| assembly line | A production method in which the product moves past workers who each do one assigned production task
🗑
|
||||
| Automation | A method of operating or controlling a process in which tasks are completed by automatic means, such as technology, reducing human effort and labor
🗑
|
||||
| Batch production | The production of items in specific amounts, or batches
🗑
|
||||
| Capital | assets of a business
🗑
|
||||
| Capital goods | Manufactured or constructed items that are used to produce goods and services
🗑
|
||||
| Capital-Intensive process | A conversion process that depends on the use of equipment
🗑
|
||||
| Consumer goods | Tangible items produced for personal goods and services
🗑
|
||||
| Continuous production process | A production process that turns out products without stopping
🗑
|
||||
| Conversion process | the process of turning economic resources into products
🗑
|
||||
| Crowdfunding | The process of raising funds from a large group of people, usually via the internet
🗑
|
||||
| Dispatching | Issuing orders for production to start
🗑
|
||||
| Factors of production | productive resources; human and natural resources and capital goods ; also know as economic resources
🗑
|
||||
| Financial capital | Money needed to operate a business
🗑
|
||||
| Form Utility | Usefulness created by altering or changing the form, shape, or looks of a good to make it useful or attractive to the end user
🗑
|
||||
| Goods | Tangible objects that can be manufactured or produced for resale
🗑
|
||||
| Human resources | People who work to produce goods and services
🗑
|
||||
| Industrial goods | Tangible items that will be consumed by the industrial user
🗑
|
||||
| inputs | The specific economic resources used in producing goods and services
🗑
|
||||
| Intangible | Not having a physical presence
🗑
|
||||
| Intermittent production process | A production process in which production periodically stops and restarts
🗑
|
||||
| International Organization For Standardization (ISO) | A nongovernmental Organization that develops and publishes standards for business, government, and society
🗑
|
||||
| Labor-intensive process | A production process that relies heavily on the skills of workers
🗑
|
||||
| mass production | The rapid production of large quantities of a product
🗑
|
||||
| Natural Resources | Items that are found in nature and used to produce goods and services
🗑
|
||||
| Outputs | the goods and services produced as the result of combing inputs
🗑
|
||||
| Production | the economic process or activity of producing goods and services
🗑
|
||||
| production Planning | Determining how products will be produced and in what amounts
🗑
|
||||
| Production Process | the way in which production is carried out
🗑
|
||||
| Purchasing | Buying the resources needed for production
🗑
|
||||
| Robotics | A mass production technique in which robots carry out the repetitive tasks that workers would find monotonous and tiring
🗑
|
||||
| Routing | The activity that determines the sequence of the steps for production `
🗑
|
||||
| Scheduling | The activity that establishes the timetable to be followed in production
🗑
|
||||
| Services | Intangible activities that are performed by other people for money; productive acts that satisfy economic wants
🗑
|
||||
| Tangible | Capable of being touched, smelled, tasted, seen, or heard; Physical
🗑
|
||||
| Unit Production | The production of one item at a time or times in small quantities
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
Julianr.