Today we will continue with production

Discuss and know these terms.

Raw Material
Processing
Grading
Quality Control
Labour
Capital.

Assignment.

Pick 2 products.  On YouTube, look up How they are made.  Can also search for How its Made and pick 2 products from the list.  After watching the video (most are about 5 min), answer the following

1. What 'raw materials' are used?
2. How are they processed?
3. Is there any grading?
4. What quality controls are in place?
5. What type of labour is used (skilled or unskilled) and is it intensive or non-intensive?
6. What are the Capital cost like, very high, high, low, very low.

Please do this for 2 products.

Check stocks.