Directions: Complete the statements below and write youranswers on the space provided.1.talks about human labor force involved inthe manufacture of products. It is measured as the most seriousand main factor of production.2.is about raw materials necessary in theproduction of a product.3.discusses the process or way oftransforming raw materials to finished products.4. The purpose of acustomers with details around the features and benefits of theis to provideproduct so they're obliged to buy.5. A duplication of a product as it will be produced, which maycontain such details as color, graphics, packaging and directions. organization creates, delivers, and captures value in economic,are your business partners, without them|6.your business will not live.7.describes the reasons of how ansocial, cultural or other contexts.8.is an important tool for you to havean idea about the future of your business.9.is part of the business plan which isthe first to be presented but the last to be made.10.shows the design of yourproduct/service; pricing, where you will sell and how you willintroduce your product/service to your market.

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Answered: talks about human labor force involved…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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talks about human labor force involved in 1. the manufacture of products. It is measured as the most serious and main factor of production. 2. is about raw materials necessary in the production of a product. 3. discusses the process or way of transforming raw materials to finished products.