passwella.
Menu

WAEC Commerce 2005 Question 5

Question 5

Production

Production is defined as

  1. A.an industrial undertaking
  2. B.creation of utility
  3. C.earning ones daily bread
  4. D.the changing of raw materials.
Show the answer and explanation

Answer: B (creation of utility)

Explanation

Production is the creation of utilities to satisfy wants.