Which of the Following Is One of the Five Ps

question 6

Multiple Choice

Which of the following is one of the Five Ps of Production?

• A)Preparation
• B)Production quality
• C)People
• D)Project management
• E)Purchasing

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Definitions:

Opportunity Costs

The benefits a person or business foregoes by choosing one alternative over another.

Idle Capacity

Unused production capability within a manufacturing plant or business operation, often due to lack of demand or inefficiency.

Drop a Product

The decision by a company to cease the production and sale of a particular product.

Rent

A periodic payment made to use a property or piece of equipment owned by another party.