12.5.1 The Nature of Operations

For this activity:

You will need to write down your answers in your Mahara e-portfolio. 

In this theme we have learnt that all business whether primary, secondary or tertiary, are involved with the ‘management of operations’.

Answer the following questions in at least a paragraph for each.

To better answer the questions, it would help if you do some research and reading about this topic. Use the internet to discover the information you need to answer the questions posed. 

Try to include some examples in your answers and include as full a discussion as you can. You should make sure that you use at least three sources when checking that a fact is correct. You should try and limit your sources to academic publications and reputable websites such as news websites or sites that are maintained by well-known and respected organisations.   

Questions:

1.    Explain what is meant by ‘added value.’

2.    Identify 3 factors that can affect added value.

3.    Explain what is meant by the ‘transformation process’.

4.    Identify the resources that will be needed by a farmer to produce wheat.