4Ms of Production

The Kitchen Therapy wanted to help her customers to distinguish her product from the other pastry shop. What do they need to do to accomplish such?

• a. Use of Trademark

• b. Advertise

• c. Bribe the people

• d. Give brochures

Melinda wanted to use tools that will lessen their burden in doing manual work. What production factor will she look at?

• a. Method

• b. Manpower

• c. Machine

• d. Materials

Machines are considered as the “best-friend of the _______________ in producing goods and offering services.

• a. Method

• b. Manpower

• c. Machine

• d. Materials

Which of the following is NOT included in the factor inputs of production?

• a. Land and Technology

• b. Money

• c. Labor

• d. Raw Materials

Food Overboard agreed to give Cravings by Kaye a full access to any confidential information of the company, provided that they will not disclose it to anyone else. What type of agreement do they have?

• a. Prenuptial

• b. Property

• c. Bill of Sale

• d. Nondisclosure

It is the M where one should look at one’s ability, intellect and creative ideas.

• a. Material

• b. Money

• c. Manpower

• d. Method

7. When looking for a supplier one must consider the following except for one.

• a. People

• b. Availability

• c. Cost

• d. Quality of the product

8. It is considered as the most important factor in the production.

• a. Labor

• b. Land and Technology

• c. Raw Material

• d. Capital

9. What does the equipment represents?

• a. Manpower

• b. Method

• c. Material

• d. Machine

10. Which among the following talks about the process of the production?

• a. Manpower

• b. Method

• c. Material

• d. Machine