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JAMB Commerce 2000 Question 2

Question 2

Production

Production involves

  1. A.making goods available where and when needed
  2. B.changing the form of goods, moving and making them available as needed
  3. C.the manufacturing of goods and provision of services
  4. D.the assembling of all necessary parts to produce a finished product.
Show the answer and explanation

Answer: B (changing the form of goods, moving and making them available as needed)

Explanation

Production covers changing the form of goods and moving them to where they are needed, until they reach the consumer.