8 & 9 Assessment

Production is the creation of goods and services which satisfies human wants and needs and for which people are prepared to pay a price.

• True

• False

There are three types of production. Select all three below.

• Tertiary Production

• Secondary Production

• Primary Production

• Consumption Production

___________ ____________ involves the extraction of raw materials from below or above earth.

The process of changing raw material in order to get a finished product is called?

• Secondary production

• Processing

• Management

• Tertiary Production

In the secondary production the industries involves are construction and manufacturing. This is so because at this stage all raw material would be changed into finished product.

• True

• False

Tertiary production involves the removal of raw materials from land.

• True

• False

Tertiary Production is the distribution of finished product to consumer/customer whether it may be an individual or an organization.

• True

• False

What does 'Level of production' means?

• Levels of production refers to the many stages of life.

• Levels of production is the process of creating a product.

• Levels of production refers to the amount of product produced.

There are four levels of productions and those are:

• Subsistence, money and baby.

• domestic, land, labour and subsistence

• Subsistence, domestic, surplus and export

Subsistence production is where only enough is produced to meet the basic needs of the people such as ones family of five.

• True

• False