As the Production Manager of an Engineering Firm, You Went

question 94

Multiple Choice

As the production manager of an engineering firm, you went out and bought a metal-cutting machine. What you have purchased can best be classified as a

• A) raw material.
• B) processed component.
• C) component part.
• D) service.
• E) business product.

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Definitions:

Products

Goods or services that are created through a process and offered in the market to satisfy the needs or wants of customers.

Services

Services are intangible activities or benefits provided by one party to another, often characterized by their inability to be physically possessed.

Vertically

Refers to the upward or downward direction within an organization's hierarchy, often relating to communication, decision-making, or organizational structure.

Communication

The process by which information is exchanged between a sender and a receiver.