IPO Flashcards

(4 cards)

1
Q

what does IPO mean?

A

-Input
-process
-output

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2
Q

explain input?

A

gathering the resources needed to make products/service-raw materials,machinery,labour,finance

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3
Q

explain proccess?

A

using the inputs to make finished product/services-this is known as “processing the inputs” (manufacturing)

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4
Q

explain output?

A

the final product/service and the distrubution of it to the customer.

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