KK2: Key elements of an operations system

Question 1

Inputs

Answer 1

 are the
resources used by a
business to produce
goods and services.

Question 2

Processes 

Answer 2

are the
actions performed by a
business to transform
inputs into outputs

Question 3

Raw materials 

Answer 3

are unprocessed resources
used to produce goods
and services

Question 4

Capital resources 

Answer 4

are physical assets that
are used to produce goods
and services.

Question 5

Outputs 

Answer 5

are the final
goods or services
produced as a result of
a business’s operations
system, that are delivered
or provided to customers.