Production Process

The making of a product or service is known as

• production

• Input

• Output

• Production department

.................... is the business department responsible for making a product or service.

• production

• Input

• Output

• Production department

The production department makes products and services which satisfy the needs and wants of customers

• True

• False

Services are not included in production.

• True

• False

A business combines inputs to make products or services.

• True

• False

are the resources needed to begin the production process

• inputs

• outputs

All inputs are processed into goods or services known as

• inputs

• value-added outputs

the difference between the selling price of a product and the cost of the materials used to make it.

• inputs

• outputs

• added value

the finished products or services at the end of the production process.

• inputs

• outputs

The aim of the business is to produce value-added outputs that are worth more than its inputs.

• True

• false