The production process

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

• production department

• Outputs

• Inputs

• Added value

Q. 

........................ are the resources needed to begin the production process

• production department

• Inputs

• Added value

• Outputs

Q. 

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

• production department

• Inputs

• Added value

• Outputs

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

• production department

• Inputs

• Added value

• Outputs

Making of a product or service is known as production

• True

• False

The Human resources makes products and services which satisfy the needs and wants of customers

• True

• False

Businesses profit by adding value to the final product

• True

• False

..... is a natural resource

• gold

• Cotton

..... is a raw resource

• gold

• Cotton

...............Is capital

• money

• engineer