Examlex
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
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.
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