
4 M of production and business model
Quiz by Menchu Fontanilla
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8 questions
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- Q1Which component of the '4 M' is focused on the people involved in the production process?MethodManMaterialMachine30s
- Q2What is the primary purpose of analyzing the '4 M' components in a business model?To enhance marketing strategiesTo increase customer complaintsTo improve production efficiency and effectivenessTo minimize financial investments30s
- Q3Which of the following best describes the 'Method' component of the '4 M' framework?It encompasses the processes and procedures used in productionIt includes the workers involved in the productionIt focuses on the machinery utilized in productionIt refers to the raw materials needed for manufacturing30s
- Q4In the '4 M' model, which component is primarily responsible for ensuring the right equipment is used in production?ManMaterialMethodMachine30s
- Q5What is the role of 'Material' in the '4 M' framework of production?It refers to the physical inputs required for productionIt indicates the skills and training of the workforceIt describes the technology used in productionIt represents the financial budget allocated for production30s
- Q6How does the '4 M' framework influence the production process in a business model?By eliminating the need for skilled laborBy focusing only on financial aspectsBy ensuring that all critical resources are effectively managedBy prioritizing technology over human resources30s
- Q7Which of the following pairs correctly identifies the '4 M' components for effective production?Machine, Man, Market, MaterialMan, Machine, Material, MethodMethod, Margin, Machine, ManMoney, Management, Material, Method30s
- Q8In the context of the '4 M', which component emphasizes the processes used in production?MachineMaterialMethodMan30s