GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Intermediaries
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Service firms
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Processors
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Producers
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Detailed explanation-1: -Manufacturing industries: These industries are engaged in the process of conversion of raw materials or semi-finished goods into finished goods. These industries create from the utility by changing the form of raw materials into finished products.
Detailed explanation-2: -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-3: -A not-for-profit corporation (sometimes called a nonprofit) is an organization formed to serve some public purpose rather than for financial gain.
Detailed explanation-4: -Operations management (OM) is concerned with controlling the production process and business operations in the most efficient manner possible.