What Is the Difference Between Goods and Services in Terms

question 22

Essay

What is the difference between goods and services in terms of their location selection?

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Definitions:

Manufacturing Facility

A place where goods are produced in large quantities through a systematic process involving machinery, labor, and other resources.

Routing

The process of selecting paths in a network along which to send network traffic.

Production Control

The systematic planning, coordination, and direction of all manufacturing activities and processes to achieve production objectives efficiently.

Just-in-time System

A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs, delivering materials just as they are needed in the production process.