Understanding the Production Cycle

What is the primary focus of this lesson?

• Understanding the production cycle

• Exploring culinary arts

• Learning about geography

• Studying ancient history

Who is considered a producer in the production cycle?

• A consumer

• A distributor

• A dairy farmer

• A retailer

What is the role of a manufacturer in the production cycle?

• To distribute the product

• To consume the product

• To purchase raw materials

• To transform raw materials into sellable products

Which of the following is NOT a role of a supplier?

• Delivering products to retailers

• Collecting rubbish

• Providing water in an office

• Transforming raw materials

How do distributors make a profit?

• By consuming products

• By manufacturing products

• By buying products in large volumes and selling in smaller volumes

• By selling products in bulk at a lower price

What does 'in stock' mean in the context of the production cycle?

• The product is available for sale

• The product is being returned

• The product is being consumed

• The product is being manufactured

What does 'dispatched' refer to in the production cycle?

• The product is being manufactured

• The product is being returned

• The product is being sent out

• The product is being consumed

Who typically buys in bulk?

• Producers

• Distributors and wholesalers

• Retailers

• Consumers

What happens if a product is not of high enough standard?

• It is stored

• It is dispatched

• It is returned

• It is consumed

What is a 'warehouse' used for in the production cycle?

• Consuming products

• Storing products

• Manufacturing products

• Returning products