Flashcards
Manufacturing
Cards in this deck (12)
- 1What is manufacturing?manus (hand) and factus (make); ‘‘made by hand"
- 2manufacturing can be defined two ways,technology and economic
- 3Technologicallyis the application of physical and chemical processes to alter the geometry, properties, and/or appearance of a given starting material to make parts or products
- 4Economicallyis the transformation of materials into items of greater value by means of one or more processing and/or assembly operations
- 5The key point is that manufacturing adds value to the materialby changing its shape or properties, or by combining it with other materials that have been similarly altered.
- 6Manufacturing IndustriesIndustries can be classified as primary, secondary, or tertiary.
- 7Primary industriescultivate and exploit natural resources, such as agriculture and mining.
- 8Secondary industriestake the outputs of the primary industries and convert them into consumer and capital goods. (Manufacturing is the principal activity in this category, but construction and power utilities are also included)
- 9Tertiary industriesconstitute the service sector of the economy
- 10Manufactured Productscan be divided into two major classes: consumer goods and capital goods.
- 11Consumer goodsare products purchased directly by consumers, such as cars, personal computers, TVs, tires, and tennis rackets
- 12Capital goodsare those purchased by companies to produce goods and/or provide services
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- Flashcards on Manufacturing , created by Jacqueline Salinas on 06/10/2017.
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- Jacqueline Salinas
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