Question

4.
Write a short note on production.​

Answer 1

Production is a process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (output). It is the act of creating an output, a good or service which has value and contributes to the utility of individuals. ... market production.

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Answer 2

Answer:

Production is the process of making, harvesting or creating something or the amount of something that was made or harvested. An example of production is the creation of furniture. An example of production is harvesting corn to eat. An example of production is the amount of corn produced.

Production is about creating goods and services. Managers have to decide on the most efficient way of organising production for their particular product. There are three main types of production to choose from: Job production, where items are made individually and each item is finished before the next one is started.

Explanation:

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