3.3.2 key elements of operations

Question 1

define inputs

Answer 1

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

Question 2

examples of inputs include..

Answer 2

labour resources

raw materials such as equipment

time

capital resources

utilities, such as electricity, water and gas

information

Question 3

define processes

Answer 3

are the actions preformed by a business to transform inputs into outputs.

Question 4

examples of processes include..

Answer 4

mixing

designing

baking

computing

cutting

washing

constructing

Question 5

define outputs

Answer 5

are the final goods or services produced as a result of a businesses operations system that are delivered to provided to customers.