What Is the First Step in the Production Process

question 44

Multiple Choice

What is the first step in the production process?

• A)Determining the quantity of products the company will produce.
• B)Deciding which type of production process is best for your company.
• C)Picking a location for your company.
• D)Determining how the company can produce high quality products at a low cost.

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Definitions:

Advanced Shipping Notice

A document provided by a supplier to a customer that details the contents and details of a shipment before it arrives.

Retailers

Businesses or individuals that purchase goods from manufacturers or wholesalers and sell them directly to consumers.

Consumers

End users who purchase goods or services for personal use, driving demand in the economy and influencing market trends and developments.

Indirect Marketing Channel

When one or more intermediaries work with manufacturers to provide goods and services to customers.