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4 M of production and business model

Quiz by Menchu Fontanilla

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8 questions
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  • Q1
    Which component of the '4 M' is focused on the people involved in the production process?
    Method
    Man
    Material
    Machine
    30s
  • Q2
    What is the primary purpose of analyzing the '4 M' components in a business model?
    To enhance marketing strategies
    To increase customer complaints
    To improve production efficiency and effectiveness
    To minimize financial investments
    30s
  • Q3
    Which of the following best describes the 'Method' component of the '4 M' framework?
    It encompasses the processes and procedures used in production
    It includes the workers involved in the production
    It focuses on the machinery utilized in production
    It refers to the raw materials needed for manufacturing
    30s
  • Q4
    In the '4 M' model, which component is primarily responsible for ensuring the right equipment is used in production?
    Man
    Material
    Method
    Machine
    30s
  • Q5
    What is the role of 'Material' in the '4 M' framework of production?
    It refers to the physical inputs required for production
    It indicates the skills and training of the workforce
    It describes the technology used in production
    It represents the financial budget allocated for production
    30s
  • Q6
    How does the '4 M' framework influence the production process in a business model?
    By eliminating the need for skilled labor
    By focusing only on financial aspects
    By ensuring that all critical resources are effectively managed
    By prioritizing technology over human resources
    30s
  • Q7
    Which of the following pairs correctly identifies the '4 M' components for effective production?
    Machine, Man, Market, Material
    Man, Machine, Material, Method
    Method, Margin, Machine, Man
    Money, Management, Material, Method
    30s
  • Q8
    In the context of the '4 M', which component emphasizes the processes used in production?
    Machine
    Material
    Method
    Man
    30s

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