Across
- 2. Knowledge, skills, and expertise of a company's employees, contributing to its economic value.
- 4. A measure of how efficiently inputs are converted into outputs, often gauged by output per unit of input.
- 5. The final goods or services produced using inputs in the production process.
- 6. The ability of a business to compete effectively in the market, often through quality, price, and efficiency.
- 7. A measure of how well a product or service meets or exceeds customer expectations.
- 9. Programs aimed at increasing employees' skills, knowledge, and efficiency.
- 11. A production method where items are made individually, often tailored to specific customer needs.
- 12. The ability to produce goods or services using the least amount of resources, minimizing waste and costs.
- 14. The perception of a brand in the minds of consumers, influencing their buying behavior.
- 15. The process of creating goods or services by transforming inputs into outputs.
- 16. A production method where similar items are produced in groups or batches before moving to the next stage.
- 20. Achieving the desired outcome, often by meeting customer needs and business objectives, even if it requires more resources.
- 21. Strategies used to encourage employees to perform their best, including financial and non-financial incentives.
- 24. A production method characterized by continuous, non-stop production, typically for mass production of standardized products.
- 25. Production methods that rely heavily on human labor rather than machinery or technology.
- 26. Long-term assets, such as machinery and tools, used in the production of goods and services.
- 27. Processes and practices used to ensure that a product or service meets a certain standard and satisfies customer expectations.
- 28. Cost advantages that businesses achieve due to increased output, resulting in a lower cost per unit.
- 29. The process of introducing new ideas, products, or processes to improve efficiency, quality, or market appeal.
- 30. Financial assets or physical tools, machinery, and technology used to produce goods or services.
- 33. A large market segment where standardized products are sold to a wide audience with similar needs.
- 34. A unique strength or characteristic that allows a business to outperform its competitors, such as superior quality, branding, or efficiency.
- 35. A small, specialized market for a particular product or service that caters to a specific customer segment.
Down
- 1. A production technique that combines mass production's efficiency with the ability to customize products to individual specifications.
- 3. The amount of output produced per worker or per unit of labor input.
- 8. Production methods that depend more on machinery and technology than human labor.
- 10. The entrepreneurial skills and decision-making abilities that bring together the other factors of production to create a business.
- 13. The ability of a business to adapt quickly to changes in market demand or to customize products.
- 17. The difference between the cost of inputs and the final price of the product, representing the enhancement created during production.
- 18. The physical space or natural resources used for business activities.
- 19. Business practices aimed at minimizing environmental impact, preserving resources, and ensuring long-term ecological balance.
- 22. The resources, such as raw materials, labor, and capital, used in the production process to create goods or services.
- 23. The creation of a unique identity and image for a product or service to differentiate it from competitors.
- 31. The use of machinery and technology to perform tasks with minimal human intervention, increasing efficiency.
- 32. The human effort, both physical and mental, used in the production process.