BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Wholesalers
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Manufacturers
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Retailers
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Consumers
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Detailed explanation-1: -Manufacturing is defined as the creation of new products, either from raw materials or components. Examples of manufacturing include automotive companies, bakeries, shoemakers and tailors, as they all create products, rather than providing services.
Detailed explanation-2: -Raw materials are the input goods or inventory that a company needs to manufacture its products. Examples of raw materials include steel, oil, corn, grain, gasoline, lumber, forest resources, plastic, natural gas, coal, and minerals.
Detailed explanation-3: -Understanding Manufacturing Production It refers to the processes and techniques that are used to convert raw materials or semi-finished goods into finished products or services with or without the use of machinery.