2. The Production Process What are the four stages of production? How are things mass produced?

3. 1. Planning Where should the business be located? How will the business get its’ products to consumers? How successful will the business be; what is the vision for growth?

4. The word purchasing means the real goods and services that money can buy; determines the value of money.

5. The freshness or grade of goods The construction or design of items The safety of product Quality control: testing items after they are produced

6. 4. Inventory control  Materials use in making products or offering services.  Inventories are costly. The more inventory a business has, the less capital it has for other activities.

7. How are things mass produced?

8. Division of Labor  Assembly-line production is only possible with the division of labor, or breaking down a job into small tasks.  A different worker performs each task.

9. The Assembly line An ASSEMBLY LINE IS a production system in which the good being produced moves on a conveyor belt past workers who perform individual tasks in the assembly. The assembly line results in more efficient use of machines and labor.

10. Mechanization Combines people machines. Combines people machines. Used in factories. Used in factories. The rate of output per people per hour greatly increases The rate of output per people per hour greatly increases

11. Automation Machines do the work and people oversee them.

12. Robotics Robotics refers to sophisticated, computer- controlled machinery that operates the assembly line. Robotics refers to sophisticated, computer- controlled machinery that operates the assembly line. In some industries, robotics regulate every step of the manufacturing process-from the selection of raw materials to processing, packaging, and inventory control. In some industries, robotics regulate every step of the manufacturing process-from the selection of raw materials to processing, packaging, and inventory control.