Production of Goods Vocabulary

Activity of checking products as they are produced or received to ensure the quality meets expectations.

• trade show

• work in process inventory

• finished goods inventory

• quality control

Idea that people have about someone or something.

• image

• repositioning

• division of labor

• product planning

Process of changing and improving resources to create goods or services.

• work in process inventory

• quality control

• conversion

• trade show

Changing the form of raw materials for another use.

• test marketing

• inventory shrinkage

• brand

• materials processing

Large gathering of businesses for the purpose of displaying goods and services for sale.

• mass production

• commercialization

• trade show

• division of labor

Manufacturing goods in large quantities using standard techniques.

• inventory management

• trial run

• finished goods inventory

• mass production

Marketing an existing product in a new way to create a new opinion or view of the product in the minds of customers to increase sales.

• commercialization

• repositioning

• trial run

• production process

Standard transfer of electronic data for business transactions between organizations.

• electronic data interchange (EDI)

• finished goods inventory

• new product

• production process

Working model of a new product for testing purposes.

• prototype

• periodic inventory control system

• product planning

• division of labor

Testing a service on a few select customers to make sure that everything runs smoothly.

• mass production

• trial run

• sourcing

• supplier