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LESSON OUTLINE:
2. INSTRUCTION/DELIVERY
Lecture
3. PRACTICE:
Class Discussion: Business Operation and production (4M’s of the Business Operation)
4. ENRICHMENT:
Write TRUE if the underlined word is correct, if it is FALSE, write the correct word/s to make the statement correct.
1. The 4Ms of operation in relation to business opportunity means that the four critical domains, usually attributed to manufacturing and in running a business is
a simple process and all of these element’s interplay.
2. One of the 4M’s of business operations is method and it pertains to anything used as input to production or manufacturing.
3. Product refers to the economic process of converting raw materials into products suitable for exchange.
4. Materials refer to producing the product manually, or it may be machine-assisted and automated.
5. As an entrepreneur you need to hire good and competent people to produce quality products, and this refers to manpower.
5. EVALUATION:
Directions: Write your answer on the space provided.
__________1. Refers to the ways of producing a particular product from a raw material. This may refer to traditional method, such as producing the product manually, or
it may be machine assisted and automated
__________2. Pertains anything used as input to production or manufacturing. It can be a finished product or unprocessed raw materials. Raw materials are first
harvested, extracted, and processed to produce semi-finished materials.
__________3. Refers to the devices and equipment used to perform specific type of work and usually uses energy (electricity) to perform a task.
__________4. whom will help a business to produce more products. An entrepreneur needs to hire good and competent people to produce quality products.
__________5. Refers to the economic process of converting raw materials into products suitable for exchange.
__________6. Refer to activities that businesses engage in a daily basis to increase the value of the enterprise and earn a
profit.