Assessment

1.     _____________ talks about the human labor force involved in the manufacture of products. It is measured as the most serious and main factor of production.

1.     _____________ is about raw materials necessary in the production of a product.

3.     A duplication of a product as it will be produced, which may contain such details as color, graphics, packaging, and directions. One of the necessary early steps in the inventing method is creating a _______________.

4.     _____________ discusses the process or way of transforming raw materials into finished products.

5.     ___________ refers to the system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.

6.     ____________ refers to the raw materials needed in the production of a product.

7.     ____________ is the process or activities by which a company adds value to an article, including production, marketing, and the provision of aftersales service.

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

• Prototype

• Product Description

• Business Model

• Suppliers

9.     Which of the following refers to the manufacturing equipment used in the production of goods or delivery of services?

• Machine

• Manpower

• Method

• Materials

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

• Input

• Supplies

• Output

• Materials