A Product Need Not Be a Physical Product

question 375

True/False

A product need not be a physical product.

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Definitions:

Manufacturing

The process of converting raw materials, components, or parts into finished goods through the use of tools, human labor, machinery, and chemical processing.

Dead-End Job

A job with little to no possibility of career advancement or personal growth.

Economy

The organized system of human activity involved in the production, exchanging, and consumption of goods and services.

Minimum Wage

The lowest legal amount that can be paid to workers by employers, typically set by government legislation.