Production

Plan
Introduction to Business
Section 22 & 23

EXAM 1
Chapters 2, 3 and 4

GREEN SCANTRON

CHEAT SHEETS:
2 pages (front and back) OR
4 pages one side

BOOK

FACTORS OF PRODUCTION
LAND

CAPITAL

LABOR

ENTREPRENEURS

LAND:

CAPITAL:

LABOR:

ENTREPRENEURS:

LAND: Natural resources

include: cotton, recycled
polyester and natural hemp.

CAPITAL: Machinery

and tools used to create the

shoes. Factories that the shoes are made in.

LABOR: These are individuals who create the

new designs of the shoes and also those that physically put the shoes together.

ENTREPRENEURS: Blake Mycoskie created a company that not only

made proQit but that gave to those that were less fortunate.

PRODUCTION PROCESS
Process involved in producing your products or services.
manufacturing processes
people involved
any third parties involved
details on how you will deliver
the product/service to your customers
scheduling

OUTSOURCING
A practice used by
different companies to
reduce costs by
transferring portions of
work to outside suppliers
rather than completing it
internally
7

METHODOLOGIES

Job Production- performs or

creates speciQic single customized
projects to the consumer
Boutique Manufacturing- very
small to small batches of
production
Batch Production- goods that are
produced in batches and not in a
continuous stream
Flow Production- high volume
production

CERTIFICATIONS
Special requirements needed for the production
process

Licensing

Permits

Patent

QUALITY CONTROL
What will you do to ensure that
your product or service will
continue to have the same
standard of quality to your
consumers?

10

QUESTIONS?
11