module 6

25問 • 2年前

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Four M’s

Manpower  Method  Machine  Materials

Talks about human labor force involved in the manufacture of products. It is measured as the most serious and main factor of production. The entrepreneur must determine, attain and match the most competent and skilled employees with the jobs at the most appropriate time period.

Manpower

some of the manpower criteria that must be highly considered by the entrepreneur.

Educational qualifications and experience, status of employment, numbers of workers required, skills and expertise required for the job

Talks about raw materials necessary in the production of a product. Materials mainly form part of the finished product. Just in case the resources are below standard, the finished product will be of unsatisfactory as well.

materials

Discusses about manufacturing equipment used in the production of goods or delivery of services.

machine

In the process of selecting

the type of equipment to purchase, the entrepreneur may consider types of products to be produced, production system to be adopted, cost of the equipment, capacity of the equipment, availability of spare parts in the local market, efficiency of the equipment and the skills required in running the equipment.

Production method discusses the process or way of transforming raw materials to finished products. The resources undergo some stages before it is finalized and becomes set for delivery to the target buyer

method

it is the promotion that explains what a product is and why it’s worth buying? The purpose of a product description is to provide customers with details around the features and benefits of the product so they’re obliged to buy

product description

A duplication of a product as it will be produced, which may contain such details as color, graphics, packaging and directions.

prototyping

An entity that offers goods and services to another business.

supplier

are your business partners; without them your business will not live. You need them as much as you need your customers to be satisfied.

suppliers

a method or activities by which a company adds value to an item, with production, marketing, and the provision of after-sales service.

value chain

is a structure of organizations, people, activities, data, and resources involved in moving a product or service from supplier to customer.

supply chain

describes the reasons of how an organization creates, delivers, and captures value in economic, social, cultural or other contexts

business module

important tool for you to have an idea about the future of your business. Your business plan will be your guide in the moment you will be implementing and operating your business proposal.

business plan

The development of business model construction and variation is also called (blank) and forms a part of business plan.

business model innovation

this part discusses what is the business plan all about.

introduction

is part of the business plan which is the first to be presented but the last to be made

executive summary

shows how you will manage your business and the people you need to help you in your operations.

management section

shows the design of your product/service; pricing, where you will sell and how you will introduce your product/service to your market.

marketing section

shows the money needed for the business, how much you will take in and how much you will pay out.

financial section

shows the area, equipment and materials needed for the business.

production section

s the strategy where you identify major competitors and research their products, sales and marketing strategies.

competetive analysis

The persons who will buy the product or service

market

is the diagram showing graphically the relation of one official to another, or others of a company.

organizational chart

MODULE 3a

charish · 23問 · 2年前

MODULE 3a