What are the 5 roles of the production function in the manufacturing process
Answers
Answer:
Explanation:
Production function steps in to undertake all the necessary activities that help produce the firm’s products and services. Its key roles include:
• Making decisions on the best method of production and the layout of the factory
• Inventory control
• Equipment and plant maintenance
• Supervision and control of the production workforce and
• Scheduling and planning of the production process
Answer: Production is a process which involves the conversion of raw materials into desired products (final products) .Production function adds value to the services provided or products produced .
Explanation: Production function helps in the creating the substitutes of one another .
The factors of production are complementary to one another in the manufacturing process .
The factors of production are the specificity of factors of production which are involved in the manufacturing processes.
Single inputs are possible in the production function for short run . Which is then reliable for the manufacturing processes .