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JSS1: BUSINESS STUDIES - 1ST TERM
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Introduction to Business Studies | Week 14 Topics|1 Quiz
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The Office | Week 24 Topics|1 Quiz
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The Clerical Staff | Week 34 Topics|1 Quiz
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Right Attitude to Work | Week 43 Topics|1 Quiz
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The Departments in an Office or Organisation | Week 53 Topics|1 Quiz
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Introduction to Commerce | Week 63 Topics|1 Quiz
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Division of Commerce | Week 75 Topics|1 Quiz
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Production | Week 85 Topics|1 Quiz
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Factors of Production | Week 92 Topics|1 Quiz
Lesson 8,
Topic 1
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Definition of Production
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Topic Content:
- Definition of Production

What is Production?
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 the form of physical goods such as chairs, tables, televisions, radios, computers, fans, etc. It can also be in the form of services such as barbing, entertaining, shoemaking, laundry outlets, medical care, teaching, etc.
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