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WorksheetsUnderstand Business Management
Total questions: 14
Worksheet time: 12mins
Define Production
The quantity, or amount, produced within a given time
Making a product or providing a service
The major on going activities of a business
The people involved in production
Define Human Resources
The people involved in production
The resources used to produce a product or service.
Resources provided by nature
The buying of goods and services for a business
Define Purchasing
Productive resources; human and natural resources and capital goods
The major ongoing activities of a business
Money, buildings, tools, and machines necessary for production
The buying of goods and services for a business
Define Entrepreneurship
Using/combine Factors of Production resources to create a new product or services
People who work to produce goods and services
The economic process or activity of producing goods and services
Any resource found in nature that is used to produce goods and services
Manufactured or constructed items that are used in the production of goods and services is?
Capital Goods
Production
Natural Resources
Scarcity
A condition resulting from the gap between unlimited wants for goods and services and limited resources is?
Dispatching
Mass Production
Scarcity
Intermittent Production
Define Dispatching
Issuing orders for production to start
A production process that periodically stops and then restarts
A production process that turns out products without stopping
Producing products in large quantities
Define Batch Production
Producing products in large quantities.
Producing one item at a time or items in small quantities
Producing items in specific amounts, or batches. It is often used to meet specific or short-term market needs
A production process that periodically stops and then restarts
A production process that turns out products without stopping is?
Production Process
Continuous Production
Intermittent Production
Unit Production
Define Sales
Items are offered at a lower price than normal
Presented at the time of purchase to get money
taken off the purchase price
When manufacturers give back a fixed amount of money
Buying the resources needed for production
Define Follow-up
buying the resources needed
determining how products will be produced and how much of the product to produce
the way in which production will be carried out
make sure products meet standard and are completed according to plan
Determining the time table to follow in production is?
Scheduling
Dispatching
Planning
Follow-up
Define Provides form utility
Enables businesses to be competitive
Enables companies to stay in business
usefulness created by altering or changing the form or shape
is the creation of goods and services from the combination of economic resources
Presented at the time of purchase to get money
taken off the purchase price is?
Intermittent Production
Sales
Rebates
Discount Coupons
