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.
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.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Transcribed Image Text:Directions: Complete the statements below and write your
answers on the space provided.
1.
talks about human labor force involved in
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.
4. The purpose of a
customers with details around the features and benefits of the
is to provide
product so they're obliged to buy.
5. A duplication of a product as it will be produced, which may
contain such details as color, graphics, packaging and directions.

Transcribed Image Text: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 an
social, cultural or other contexts.
8.
is an important tool for you to have
an idea about the future of your business.
9.
is part of the business plan which is
the first to be presented but the last to be made.
10.
shows the design of your
product/service; pricing, where you will sell and how you will
introduce your product/service to your market.
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