Production  Plan  Introduction  to  Business  Section  22  &  23  

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EXAM  1  

•  Chapters  2,  3  and  4    •  GREEN  SCANTRON    •  CHEAT  SHEETS:                  2  pages  (front  and  back)  OR                4  pages  one  side    •  BOOK  

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FACTORS  OF  PRODUCTION  

LAND    

CAPITAL    

LABOR    

ENTREPRENEURS              

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LAND:      

CAPITAL:    

 LABOR:    

 ENTREPRENEURS:                    

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LAND:  Natural  resources    include:  cotton,  recycled  polyester  and  natural  hemp.    

CAPITAL:  Machinery    and  tools  used  to  create  the    shoes.  Factories  that  the  shoes  are  made  in.    

LABOR:  These  are  individuals  who  create  the    new  designs  of  the  shoes  and  also  those  that  physically  put  the  shoes  together.    

ENTREPRENEURS:  Blake  Mycoskie  created  a  company  that  not  only  made  proQit  but  that  gave  to  those  that  were  less  fortunate.                      

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Process  involved  in  producing  your  products  or  services.    •  manufacturing  processes  •  people  involved  •  any  third  parties  involved  •  details  on  how  you  will  deliver            the  product/service  to  your  customers  •  scheduling  

PRODUCTION  PROCESS  

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•  A  practice  used  by  different  companies  to  reduce  costs  by  transferring  portions  of  work  to  outside  suppliers  rather  than  completing  it  internally  

OUTSOURCING  

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Job  Production-­‐  performs  or  creates  speciQic  single  customized  projects  to  the  consumer  Boutique  Manufacturing-­‐  very  small  to  small  batches  of  production  Batch  Production-­‐  goods  that  are  produced  in  batches  and  not  in  a  continuous  stream  Flow  Production-­‐  high  volume  production  

METHODOLOGIES    

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•  Special  requirements  needed  for  the  production  process  

 •  Licensing      •  Permits    •  Patent  

     

CERTIFICATIONS  

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What  will  you  do  to  ensure  that  your  product  or  service  will    continue  to  have  the  same    standard  of  quality  to  your  consumers?  

QUALITY  CONTROL  

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QUESTIONS?  11