Lesson 1: 4Ms of Production and Business Model

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 after-sales service?

• A. Supply Chain

• B. Value Chain

• C. Business Model

• D. Prototype

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

• A. Materials

• B. Method

• C. Machine

• D. Manpower

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

• A. Prototype

• B. Product Description

• C. Business Model

• D. Suppliers

It is a replica of a product.

• A. Prototype

• B. Product Description

• C. Business Model

• D. Suppliers

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

• A. Machine

• B. Manpower

• C. Method

• Materials

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

• A. Manpower

• B. Management

• C. Method

• D. Machine

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?

• A. Business Model

• B. Value Chain

• C. Supply Chain

• D. Prototype

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

• A. Prototype

• B. Product Description

• C. Business Model

• D. Suppliers

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

• A. Input

• B. Supplies

• C. Materials

• D. Output

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

• A. Prototype

• B. Product Description

• C. Business Model

• D. Suppliers