What are the four functions of business?

How do companies increase worker productivity

The specialization of individuals who perform specific tasks

Mass production is .........

The Nike I.D. shoe option on nike.com is an example of...

Finding suppliers of materials needed for the production of a product.

Individuals responsible for sourcing and buying materials needed for producing goods and services.

Area of management involved in ordering goods, receiving them into stock and paying vendors.

Unifinished product in a company's inventory is known as.....

Counting and recording inventory by hand is known as....

JIT is know as which TWO of the following

The activity of checking products as they as produced or received to ensure the quality meets expectations.

The series of stages a product goes through from its beginning to end.

Creating a prototype is a part of which stage of New Product Development?

Creating goods by using human effort is known as

There are ________ types of production

The production cycle is a recurring set of business activities and related data processing operations associated with the manufacture of products. What is its second step?

WHAT ARE THE 4 FACTORS OF PRODUCTION?

Manufacturing is the process of making _____ in a workshop or factory.

______ make items by hand, one at a time

Factories _____ goods, often using an assembly line.

On an assembly line, ____ is divided into steps.

Standardized and interchangeable parts are______.

An entrepreneur is a person that comes up with a good idea and uses the idea to make____.

Over the years, the factory system has replaced the______ approach in manufacturing most goods.

Because companies are in business to make a profit, they try to_____ their production costs.

Making sure that quality remains high during manufacturing is called ______.

Any activity related to making a product is called _________.

Business __________ is the activity of acquiring materials, supplies, or services that are needed to produce a product

The manufacturing of goods in large quantities by using standard techniques is called _________.

The process of changing and improving resources to create goods or services is called _________.

_________ is the activity of checking products as they are produced or received to make sure that the expectations of quality are met.

The process of deciding which products will be most strategic for the organization to produce.

Marketing an existing product in a new way to create a new opinion or view of the product in the minds of customers to increase sales.

The assortment or selection of items that a business has on hand at a particular point in time.

A working model of a new product for testing purposes.

The process of changing and improving resources to create goods or services.

Finding suppliers of materials needed for production of a product.

The idea that people have about someone or something.

Manufacturing goods in large quantities using standard techniques.

Introduction of a new product to a small portion of the target market to learn how it will sell.