Intro to Business Chapter 9

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  1. Mass Production
    a manufacturing process that lowers the cost required to produce a large number of identical or similar products over a long period of time
  2. Synthetic Process
    a process in operations management in which raw materials or components are combined to create a finished product
  3. Analytical process
    a process in operations management in which raw materials are broken into different component parts
  4. Research and Development (R&D)
    a set of activities intended to identify new ideas that have the potential to result in new goods and services
  5. Product Line
    a group of similar products that differ only in relatively minor characteristics
  6. Product Design
    the process of creating a set of specifications from which a product can be produced
  7. Purchasing`
    all the activities involved in obtaining required materials, supplies, components, and parts from other firms
  8. Inventory Control
    the process of managing inventories in such a way as to minimize inventory costs, including both holding costs and potential stock-out costs
  9. Scheduling
    the process of ensuring that materials and other resources are at the right place at the right time
  10. Labor-intensive technology
    a process in which people must do most of the work
  11. Capital-intensive Technology
    a process in which machines and equipment do most of the work
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Intro to Business Chapter 9
2010-10-14 19:02:14
business intro biz

Intro to Business Chapter 9
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