4.05 Nature of Produ Word Scramble

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Term	Definition
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

Created by: Julianr.