ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A facility that allows companies to produce its products from raw materials to finished products
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Warehouse
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Processing Centers
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Factories
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None of the above
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Explanation:
Detailed explanation-1: -The term manufacturing refers to the processing of raw materials or parts into finished goods through the use of tools, human labor, machinery, and chemical processing. Manufacturing allows businesses to sell finished products at a higher cost than the value of the raw materials used.
Detailed explanation-2: -An understanding of the various inventory phases is crucial to managing production costs and earning profits. Inventory is classified as falling within three general categories: raw materials, work in progress, and finished goods.
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