Lesson 1: 4M's of Production

Lesson 1: 4M's of Production

Fill in the Blanks

Fill in the Blanks

Fill in the Blanks

Fill in the Blanks

Multiple Choice

An entrepreneur finds way to introduce innovation from the production process to the marketing stage, while an ordinary businessperson simply imitates business practices and procedures.

• True

• False

Multiple Choice

This element of production system includes manpower, materials, machine, design, and instructions.

• Input

• Process

• Output

Multiple Choice

The transformation phase where inputs are processed by manpower and machines to come up with the final product

• Input

• Process

• Output

Multiple Choice

The final product of the process, which is intended to be sold to target customers

• Input

• Process

• Output

Multiple Choice

The right human resources who will handle certain business operations.

• Manpower

• Materials

• Machines

• Methods

4M's of Production

1. MANPOWER

• human labor force

• most serious and main factor of production

• Educational qualifications and experience, status of employment, number of workers required, skills and expertise required for the job are some of the criteria that must be highly considered

Multiple Choice

These enumerate the duties and responsibilities of the potential employee, including the scope, limitations and terms and conditions of employment

• job description

• job title

• job hiring

• work schedules

Multiple Choice

It is the summary of what the employee will do

• job description

• job title

• job hiring

• work schedules

Multiple Choice

Criteria in employee qualification where entrepreneur has an idea on the degree of the candidate's knowledge of basic things

• educational background

• work experience

• specific skill or knowledge

• work attitude

Multiple Choice

Criteria in employment qualification which deals with the worker's integrity and how he or she deals with his or her coworkers, bosses and customers.

• educational background

• work experience

• specific skill or knowledge

• work attitude

Multiple Choice

This refers to the things necessary in the production of a product and forms part of the finished product.

• Manpower

• Materials

• Machines

• Methods

4M's of Production

2. MATERIALS

• two types of materials are direct and indirect

• Direct materials are essential to creating a product (raw materials, components, supplies)

• Indirect materials provide necessary support to the primary materials that go into an item's production (tools, office supplies)

Multiple Choice

These can be describe as the "best friend" of manpower in producing goods and offering services

• Manpower

• Materials

• Machines

• Methods

4M's of Production

3. MACHINES

In selecting the type of equipment consider the following:

• types of products to be produced

• production system to be adopted

• cost of equipment

• capacity of the equipment

• availability of spare parts in the local market

• efficiency of the equipment

Multiple Choice

The process of translating raw materials into finished goods that are acceptable to the customer's standards

• purchasing

• distribution

• manufacturing

• packaging

Multiple Choice

The cheapest and highly flexible option for a manufacturing site

• commercial space for rent

• commericial space purchase

• home-based

• leasing

Multiple Choice

These are the processes to be followed in effectively manufacturing or delivering a product or service

• Manpower

• Materials

• Methods

• Machines

4M's of Production

4. METHODS

• process or way of transforming raw materials to finished product

• resources undergo some stages before it is finalized and become set for delivery to the target buyers

4M's of Production

PRODUCT

• should be valuable and beneficial to consumers

• should satisfy the consumers' basic needs and wants

• can be heterogenous or homogeneous

Multiple Choice

This type of product has dissimilar characteristics, parts, and physical appearance.

• Heterogeneous

• Homogeneous

Multiple Choice

This type of product has a physical appearance, taste , or chemical content that can hardly be distinguished from that of the other products

• Heterogeneous

• Homogeneous

Multiple Choice

Which of the following refers to the marketing copy that explains what a product is and why it is worth purchasing?

• Prototype

• Business Description

• Business Model

• Suppliers

Product Description

• this promotes and explain what a product is and why it's worth buying

• its purpose is to provide customers with details around the features and benefits of the product so they're obliged to buy

Guidelines for Product Description

• know who your target market is

• focus on the product benefits

• tell the full story

• use natural language and tone

• use power words that sell

• use good images

Multiple Choice

They are said to be your business partners because without them your business will not live.

• Prototype

• Business Description

• Business Model

• Suppliers

Multiple Choice

It is a replica of a product.

• Prototype

• Business Description

• Business Model

• Suppliers

Prototype

• duplication of a product

• contain such as details as color, graphics, packaging, and directions

• It is better to test your product prototype to meet customer's needs and expectations.

Multiple Choice

It is a method or activities by which a company adds value to an item, with production, marketing, and the provision of after-sales service

• Value Chain

• Supply Chain

Multiple Choice

It is a structure of organizations, people, activities, data, and resources involved in moving a product or service from supplier to customer.

• Value Chain

• Supply Chain

Congratulations in completing this lesson!
I hope you learned something from this activity.