Answered: Describe four production processes?

Business

Operations Management

Describe four production processes?

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter17: Organizational Planning And Controlling

Section: Chapter Questions

Problem 7CRQ: Describe the MBO process, the philosophy behind it, and its relationship with performance.

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Describe four production processes?

Expert Solution

Step 1

In order to make something for consumption (output), production is a process of combining various material inputs and immaterial inputs (plans, know-how). It is the act of producing a production, a good, or service that has value and contributes to people's usefulness. The branch of economics that focuses on production is referred to as the theory of production, which is close to the theory of consumption (or consumer) in economics in many respects.

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