4 M's of Production

Manpower in production operation refers to the workers involved in the production of goods.

• TRUE

• FALSE

The 4M’s in the production operation are the materials, manpower, machine and money.

• TRUE

• FALSE

Supplier is an entity that supplies goods and services to another organization.

• TRUE

• FALSE

Skills and expertise are not important in considering manpower

• TRUE

• FALSE

In selecting the type of equipment to purchase, the entrepreneur may consider cost and capacity of the equipment.

• TRUE

• FALSE

Business model describes the rationale of how an organization makes, transports, and captures value in economic, social, cultural or other contexts

• TRUE

• FALSE

Output represents the final products from the production process and distributed to the customers.

• TRUE

• FALSE

Product description is the marketing copy that explains what a product is and it’s benefits.

• TRUE

• FALSE

Educational qualifications and experience are are not essential criteria in considering manpower.

• TRUE

• FALSE

Prototype is a replica of a product.

• TRUE

• FALSE