4 M’s of Production System
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Questions and Answers

What are the Four M's of production?

  • Maneuver, Methodology, Money, Maintenance
  • Market, Manufacturing, Management, Merchandising
  • Manpower, Material, Machine, Method (correct)
  • Material, Money, Marketing, Machine

    • Which element in the production system is responsible for transforming materials into the final product?

  • Instructions
  • Design
  • Manpower
  • Machine (correct)

    • What determines the quality of the output in a production system?

  • The quality of the inputs and transformation process (correct)
  • The quantity of employees
  • Market demand
  • The price of raw materials

    • What criteria must an entrepreneur highly consider when dealing with the 'Manpower' aspect of production?

    <p>Educational qualifications and experience</p> Signup and view all the answers

    Which element in the input category refers to the raw materials needed for production?

    <p>Materials</p> Signup and view all the answers

    What stage of production is also known as the transformation or conversion process?

    <p>Machine stage</p> Signup and view all the answers

    What does the entrepreneur consider when selecting raw materials for production?

    <p>Cost, quality, availability, credibility of suppliers and waste produced</p> Signup and view all the answers

    What is the function of machine machine in the production process?

    <p>Manufacturing equipment used in the production of goods or services</p> Signup and view all the answers

    What factors does an entrepreneur consider when selecting the type of manufacturing equipment to purchase?

    <p>Types of products to be produced, cost of the equipment, capacity, availability of spare parts, efficiency, and required skills</p> Signup and view all the answers

    What does 'method' or production method refer to?

    <p>The process or way of transforming raw materials to finished products</p> Signup and view all the answers

    What does the selection of the method of production depend on?

    <p>Product to produce, mode of production, manufacturing equipment to use, and required skills</p> Signup and view all the answers

    Why is it important for an entrepreneur to consider the credibility of suppliers?

    <p>To ensure that high-quality raw materials are obtained consistently</p> Signup and view all the answers

    Study Notes

    The Production System

    • The production system consists of three essential elements: input, transformation process, and output.
    • Input includes manpower, materials, machine, design, and instructions.
    • The transformation process, also known as the production process, is where materials are transformed into the final product with the aid of manpower and machine.
    • Output represents the final product distributed to customers.

    The 4 M's of Production

    • The 4 M's of production are the most critical factors in the production system.
    • They are: Manpower, Method, Machine, and Materials.
    • The quality of these factors determines the quality of the output.

    Manpower

    • Manpower refers to the human labor force involved in manufacturing products.
    • It is considered the most important and primary factor of production.
    • Entrepreneurial considerations for manpower include:
      • Educational qualifications and experience
      • Status of employment
      • Number of workers required
      • Skills and expertise required for the job

    Materials

    • Materials refer to the raw materials necessary for production.
    • They form part of the finished product.
    • Entrepreneurial considerations for materials include:
      • Cost
      • Quality
      • Availability
      • Credibility of suppliers
      • Waste production

    Machine

    • Machine refers to manufacturing equipment used in production.
    • Entrepreneurial considerations for machine selection include:
      • Type of products to be produced
      • Production system to be adopted
      • Cost of equipment
      • Capacity of equipment
      • Availability of spare parts in the local market
      • Efficiency of equipment
      • Skills required to run the equipment

    Method

    • Method refers to the production process or way of transforming raw materials into finished products.
    • Entrepreneurial considerations for method selection include:
      • Product to be produced
      • Mode of production
      • Manufacturing equipment to use
      • Required skills to do the work

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    Description

    Explore the key elements of the production system including input, production process, and output. Learn about the significance of manpower, materials, machines, design, and instructions in the production process.

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