Entrepreneurship Summative Assessment

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

• True

• False

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

• True

• False

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

• True

• False

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

• True

• False

Prototype is a replica of a product.

• True

• False

Product to produce is one of the factors to be considered in the production method.

• True

• False

Educational qualifications and experience is one of the criteria in considering manpower.

• True

• False

Skills and expertise is not important in considering manpower.

• True

• False

Benefits are the reasons why customers will decide to buy the products.

• True

• False

Machine refers to the manufacturing equipment.

• True

• False