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Questions and Answers
Which of the following is NOT one of the 4M's of operations?
Which of the following is NOT one of the 4M's of operations?
Which option describes the type of resources needed to produce or manufacture a product?
Which option describes the type of resources needed to produce or manufacture a product?
What is the purpose of packaging in production?
What is the purpose of packaging in production?
Which one of these refers to the process of transforming raw materials into finished goods?
Which one of these refers to the process of transforming raw materials into finished goods?
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In the context of operations, which term denotes the systematic approach to delivering a product or service?
In the context of operations, which term denotes the systematic approach to delivering a product or service?
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Which of the following is an example of an equipment used in operations?
Which of the following is an example of an equipment used in operations?
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What type of manufacturing site is home baking considered?
What type of manufacturing site is home baking considered?
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Which of the following materials is typically used for packaging?
Which of the following materials is typically used for packaging?
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What phase of manufacturing involves processing inputs?
What phase of manufacturing involves processing inputs?
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Which term describes the final product intended for sale to customers?
Which term describes the final product intended for sale to customers?
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What does the term 'manpower' refer to in the production context?
What does the term 'manpower' refer to in the production context?
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Which statement is accurate regarding product description development?
Which statement is accurate regarding product description development?
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Which option is not a type of worker required in a specific business context?
Which option is not a type of worker required in a specific business context?
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What is described as facilities, vehicles, tools, and equipment necessary for maximizing production efficiency?
What is described as facilities, vehicles, tools, and equipment necessary for maximizing production efficiency?
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What type of manufacturing site is considered the most flexible and cost-effective?
What type of manufacturing site is considered the most flexible and cost-effective?
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What must production procedures aim to achieve?
What must production procedures aim to achieve?
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What does 'Method' refer to in the context of operation?
What does 'Method' refer to in the context of operation?
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Which of the following is NOT one of the three elements of manufacturing?
Which of the following is NOT one of the three elements of manufacturing?
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Which type of manufacturing site is characterized by low costs and high flexibility?
Which type of manufacturing site is characterized by low costs and high flexibility?
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What aspect does 'Manpower' refer to in the process of manufacturing?
What aspect does 'Manpower' refer to in the process of manufacturing?
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Which option represents the highest capital expenditure in manufacturing sites?
Which option represents the highest capital expenditure in manufacturing sites?
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What is implied by the term 'Machine' in a manufacturing context?
What is implied by the term 'Machine' in a manufacturing context?
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What is the main purpose of the Output in the manufacturing process?
What is the main purpose of the Output in the manufacturing process?
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Which of the following would best describe a 'commercial space for rent'?
Which of the following would best describe a 'commercial space for rent'?
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What is a significant first step in establishing a business model?
What is a significant first step in establishing a business model?
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What type of workers would a beauty salon primarily require?
What type of workers would a beauty salon primarily require?
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Which step involves engaging with industry experts for insights?
Which step involves engaging with industry experts for insights?
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What is an essential marketing focus after a local rollout?
What is an essential marketing focus after a local rollout?
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What type of product does the glazed donut example cater to?
What type of product does the glazed donut example cater to?
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What is one of the last steps mentioned in the business model establishment process?
What is one of the last steps mentioned in the business model establishment process?
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Which service example indicates the availability of trained personnel?
Which service example indicates the availability of trained personnel?
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What is the price mentioned for the gluten-free donut?
What is the price mentioned for the gluten-free donut?
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What aspect of production planning involves the connection of different stages in a process?
What aspect of production planning involves the connection of different stages in a process?
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Which factor does NOT directly influence the feasibility of producing a certain product?
Which factor does NOT directly influence the feasibility of producing a certain product?
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Which element is crucial for maintaining product quality during production?
Which element is crucial for maintaining product quality during production?
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What is included in the consideration for equipment in production?
What is included in the consideration for equipment in production?
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Which of the following is a requirement for packaging materials?
Which of the following is a requirement for packaging materials?
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When assessing requirements for production, which question addresses the need for adequate resources?
When assessing requirements for production, which question addresses the need for adequate resources?
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Which aspect is least likely to impact the decision of whether to produce a certain product?
Which aspect is least likely to impact the decision of whether to produce a certain product?
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What does the term 'materials' refer to in the context of production?
What does the term 'materials' refer to in the context of production?
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Study Notes
4M's of Operations
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Method: Refers to the process and procedures involved in delivering a product or service. It encompasses the manufacturing process, which transforms raw materials into finished goods that meet customer standards.
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Elements of Manufacturing:
- Inputs: Materials used to create products (e.g., ingredients for bread, cookies) or services (e.g., welding materials, auto repair parts, wellness supplies).
- Process: Transformation phase involving manpower and machines to produce the final product.
- Output: The final product intended for sale to customers.
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Elements of Manufacturing:
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3 Types of Manufacturing Sites:
- Home-based: Least expensive option, highly flexible. Examples include home baking, home services (wellness, auto repair, welding, etc.).
- Commercial Space for Rent: Advisable when a commercial space is required for production.
- Commercial Space Purchase: Requires the most capital but offers freedom and flexibility in designing and managing the space.
- Manpower: Refers to the ideal number of trained personnel and staff required to execute the methods. This also includes different work roles and functions.
- Machine: Facilities, vehicles, tools, and equipment needed for efficient productivity, ensuring worker safety. Machines are tools for performing tasks and require training for maintenance.
- Materials: Resources used to produce or manufacture a product, including packaging. This includes raw materials, inventory, quality, size, surplus or waste, and shelf life.
Developing a Product Description
- Key considerations for product development:
- Availability and quality of raw materials.
- Affordability of raw materials.
- Availability and cost of appropriate equipment for production.
- Local manufacturing feasibility and maintenance cost.
- Access to information, expertise, and packaging materials.
- Establishes distribution procedures to customers.
- Business location suitability.
- Availability and cost of services.
- Availability and affordability of trained workers.
Contents of Production
- Production Planning: Outlines how different stages in a process are connected, including procedures and equipment.
- Raw Materials/Ingredients: Identifies the quantity and weight of materials required for production.
- Equipment: Includes machinery or equipment used in production, considering its cost, availability, and maintenance.
- Packaging: Refers to the materials used to protect the product, such as paper, plastic, aluminum, or other materials.
- Staffing Level: Defines the types of workers needed for a particular business (e.g., welders, auto mechanics, bakers, beauticians).
7 Steps in Establishing a Business Model
- Determine the value of the target market and estimate costs, including product pricing.
- Ensure the product or service addresses a problem or need.
- Test the business prototype and develop a support strategy.
- Seek advice from industry experts and investors.
- Plan and execute a local launch (business opening).
- Focus on gathering customer feedback and testimonials for marketing.
- Target national tradeshows and industry association groups.
Examples of Product Descriptions
- Glazed Donut: Gluten-free donut for individuals with allergies, priced affordably at 10.00 pesos each with free delivery. Ideal for snacks, siestas, and meriendas, paired with hot or cold beverages.
- Nail Art Services: Offers a variety of designs using safe nail colors, at an affordable price. Home service or salon visits are available.
- Welding & Gate Fabrication Services: Crafted gate designs and welding services using affordable metals. Welders possess TESDA national certificates. Home service or site visits are offered, with prices set based on specific needs.
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Description
Test your knowledge on the 4M's of operations, including the method, manufacturing processes, and types of manufacturing sites. This quiz covers various aspects of production, from inputs to outputs, and helps you understand the intricacies of delivering products and services effectively.
