IDN - Stage 3 Review

his type of production involves moving a set of items through each step together as a batch. An example of this type of production could be a bakery that produces donuts, cakes, etc.

• Batch production

• Mass production

This type of production executes every step in the manufacturing process concurrently, this is a continuous process with no interruptions. An example could be the production of cars.

• Batch production

• Mass production

This concept refers to activities undertaken by a company to promote the buying or selling of a product or service. It includes a product’s advertisement, selling, and delivering.

• Finances

• Human Resources

• Marketing

• Customer service

Promotions are targeted to certain audiences and may involve:

• Slogans

• Memorable packaging

• Celebrity endorsements

• Buying paper

It's an example of actions that a company undertakes to mantain customers.

• Coupons

• Discounts

• Give aways

• Thank you e-mails

The four P's of Marketing are: Product, Price, Place and _____.

• Politics

• Promotion

• People

• Participation

It represents money management and the process of acquiring needed funds.

• Finance

• Marketing

• Sales

• Business Strategies

They are the three types of finances.

• Private, Corporate, and Marketing

• Personal, Public and Private.

• Personal, Corporate, and Public

It is a transaction between two or more parties in which the buyer receives goods- either tangible or intangible services, in exchange for money or other assets.

• Sales

• Finances

• Marketing

• Donation

It is necessary to complete a sale:

• Exchange copies of legal documents.

• It has to be a transaction between a person and a company.

• The good or service has to be available to purchase.

• The product has to be brand new.