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Introduction to Business Studies | Week 14Topics1 Quiz
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The Office | Week 24Topics1 Quiz
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The Clerical Staff | Week 34Topics1 Quiz
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Right Attitude to Work | Week 45Topics1 Quiz
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The Departments in an Office or Organisation | Week 53Topics1 Quiz
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Introduction to Commerce | Week 63Topics1 Quiz
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Division of Commerce | Week 75Topics1 Quiz
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Production | Week 85Topics1 Quiz
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Factors of Production | Week 92Topics1 Quiz
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Production can be defined as the transformation, or conversion of raw materials into finished products, in order to satisfy human wants. It involves the creation of goods and services in order to satisfy human wants. Production is not complete until goods reach the final consumers’, and satisfaction is derived.
Production can be in form of physical goods such as chairs, tables, televisions, radios, computers, fans, etc. It can also be in form of services such as barbing, entertaining, shoemaking, laundry outlet, medical care, teaching, etc.
