Ticket 1 Enterprises (firms) field of activity and its main characteristics

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1. Description of the production process.
A production process is a method of using economic input or resources, like labor, capital equipment or land, to provide goods and services to consumers. The production process typically covers how to efficiently and productively manufacture products for sale to reach customers quickly without sacrificing the quality of the product. There are many different types of production processes businesses can follow, according to their manufacturing goals, production numbers and technology tools or software systems.An important part of being a manufacturing manager is making big-picture production decisions that impact the efficiency levels of the creation and sales of products. ORGANIZATIONAL TYPES OF PRODUCTION Single production is characterized the wide nomenclature of products and small production volume. The repeated production of such goods does not almost take place. Series production is characterized the limited nomenclature and considerable enough production volume. Making of separate wares periodically repeats oneself certain parties(by series). Mass production is characterized the narrow nomenclature of products, large protracted production volume. FACTORS OF PRODUCTION Resources needed to produce goods and services .LAND All types of natural resources: earth, water, biological, mineral and others like that. CAPITAL The total funds provided by lenders in the form of term loans (borrowed capital) and the owners or shareholders (owners’ equity) for use in business.. LABOR A factor of production defined to include all physical and mental contributions to economic activity provided by people. ENTREPRENEUR An economic agent who perceives market opportunities and organizes, manages, and assumes the risk of an enterprise.
2. Enterprise production capacity planning and accounting.
Production capacity of enterprise is the annual volume of output products of condition of the most complete use of progressive technology and organization of production is maximally possible. Production capacity planning is an essential tool for organizations to maximize the efficiency of their production, and ensure a smooth workflow. It can help businesses anticipate and plan for any changes in demand, optimize resources, reduce costs, identify bottlenecks, and prevent product shortages. Ultimately, capacity planning in production can improve customer satisfaction by helping businesses meet customer orders on time.Benefits of production capacity planning include the ability to plan ahead, anticipate future demand, and reduce manufacturing costs. It also enables businesses to identify potential problems early on and implement solutions quickly, allowing them to react swiftly to changes in market conditions or customer needs. Furthermore, it helps optimize resources by ensuring they are used as efficiently as possible.Capacity planning is a strategic process aimed at determining the production capacity required to meet forecasted demand. It is a prerequisite for efficient production scheduling, supply chain planning, and inventory management.There are three main methodologies that are most often used in the capacity planning process. These are lead strategy, lag strategy, and match strategy. Whichever is used, the capacity planning process affects many facets of a business, including its financial health, inventory and manufacturing management, supply chain, resource allocation, market penetration, etc. The capacity planning process considers the number of workstations and the workforce needed, along with available shifts, the product mix, equipment utilization, etc. All these are calculated to enable insight into whether an operation has the required capacity to meet the demanded forecast.