Entrepreneurship 11 Module 1

Which of the following refers to the human workforce involved in the manufacture of products?

• Materials

• Method

• Machine

• Manpower

The 4M’s of production are as follows except ONE. Which one is it?

• Management

• Manpower

• Method

• Machine

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

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

• Input

• Supplies

• Output

• Materials

It is a replica of a product.

• Prototype

• Product description

• Business Model

• Suppliers

Which of the following refers to the system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer?

• Supply Chain

• Value Chain

• Business model

• Prototype

Which of the following is the process or activities by which a company adds value to an article, including production, marketing, and the provision of aftersales service?

• Supply Chain

• Value Chain

• Business Model

• Prototype

It describes the rationale of how an organization creates, delivers, and captures value in economic, social, cultural or other contexts

• Prototype

• Product description

• Business Model

• Suppliers

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

• Prototype

• Product Description

• Business Model

• Suppliers

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

• Machine

• Manpower

• Method

• Materials