Products Flashcards
(8 cards)
what is a good?
Something tangible, usually homogeneous, doesn’t involve the customers and that can be manufactured then stored for future purchase
What is a service?
Something intangible, usually personalised, the customers are involved, and it is produced in the moment, cannot be stored.
What business provides goods?
Manufacturing businesses
What business provides services
Service businesses
what are the key elements an operations system
inputs, processes and outputs
elements an operations system
inputs, processes and outputs
materials management, CSR and considerations
what do processes involve
Tech development, quality management, waste minimisation, CSR and global considerations
What do outputs involve
Quality management, waste minimisation and CSR