kk2 Flashcards
(7 cards)
1
Q
Three elements in every operations system
A
Inputs, processes, outputs
2
Q
Inputs
A
The resources used in the process of the production of goods and/or services.
3
Q
Examples of Inputs
A
Materials, capital, Human Resources, time, information
4
Q
Materials
A
The supplies that go into the making of a product, coming from a natural or processed state.
5
Q
Human Resources
A
The managers and employees that work to produce a final good or service.
6
Q
Processes
A
All the activities that transforms the inputs into the final output.
7
Q
Output
A
The final product produced by the business, the quality being a direct reflection of inputs and processes.
