The raw materials , components , completed or partially completed products ,and pieces of equipment a firm uses are often referred to as

Related MCQs

• Getting products to consumers obtaining and managing raw materials and packaging finished products are all activities of
• Making identical , interchangeable components or complete products is referred to as
• For which of the following options is make-to-stock strategy feasible? 1. To produce customized products from sub-assemblies 2. To make standardized products with high volumes 3. To accommodate flexibility and offer variety 4. Where forecast is reasonably accurate
• The production data base containing information about each of the components that a firm produces or purchases is the
• The activities and process used in making both tangible and intangible products is known as
• Resources such as labour materials and energy are known as ……………. In the transformation process
• __________ involves identifying the manpower requirements, machine capacity, and materials required to meet the planned production targets.
• Most operation produce a mixture of both products and services which of the following business is closest to producing ‘pure’ services ?
• Which of the following are the features of process layout? 1 Emphasis is on special orders or products having significant and frequent design changes. 2. Standardized product with little or no design changes. 3. Minimum requirement of in-process inspection. 4. Use of general purpose machines.
• A planning systems that schedules the precise quantity of materials needed to make a product is called