When we talk about production, we generally mean manufacturing and assembly, which are ___ products. Regarding banking or retailing, production takes place when the service is actually provided or delivered to the customer, which are ___ products.Multiple choice question.service; providedphysical; serviceservice; physicalphysical; provided
Question
When we talk about production, we generally mean manufacturing and assembly, which are ___ products. Regarding banking or retailing, production takes place when the service is actually provided or delivered to the customer, which are ___ products.Multiple choice question.service; providedphysical; serviceservice; physicalphysical; provided
Solution
The correct answer is "service; physical". In the context of manufacturing and assembly, these are physical products. In the context of banking or retailing, the service is the product, and production occurs when this service is delivered to the customer.
Similar Questions
What is production system? Explain it with an example. Discuss the characteristicsof a production system
Consider the words “supply” and “production.” Which of the following statements is true?Multiple choice question.“Supply” refers to what is provided to the market, while “production” refers to the quantity produced.The quantity supplied is defined as the production quantity.“Production” refers to what is provided to the market, while “supply” refers to the quantity produced.The production quantity is the quantity supplied to the market.
Producing products that are individually designed to meet the needs of a specific customer where each customized product is manufactured separately is the definition of:Multiple choice question.process productionmass productionjob order productionservice production
In the production function, the major activities associated with physical products are manufacturing and ______.Multiple choice question.customer servicemarketingassemblydistributionsales
#1Planning, purchasing, receiving, storing, production, and service in the restaurant business are part of which of the following?A. ProductionB. Food productionC. Flow of serviceD. Guest service cycleE. Garde-manger
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.