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What describes an agreement among business making the same product to limit production and keep prices high?
Cartel
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Which of the following describes an agreement among businesses making the same product to linit production and keep prices high?
Cartel
Why would a business be choosen to be tertiary production?
the business will be choosen as a tertiary production because the business is selling the product to consumer
What is the definition of primary production in business?
it is the product that draws the most customers toward the business.
If production is the process of making what word with the same root describes the thing that is made?
product
What describes an implied warranty?
a merchant's agreement that a product will function in the manner expected compared to other similar goods
What best describes an implied warranty?
a merchant's agreement that a product will function in the manner expected compared to other similar goods
What is the nature of production management?
The nature of production management is to drive the development of the product for the company and business. The product managers are in charge of making sure the product is performing, developing, and growing for the company.
Distinguish between production orientation and marketing orientation?
A product oriented business is when a business/company does not carry out research before manufacturing a product whilst a market orientated business is a business/company that carries out research before manufacturing a product(s)
How does a business use production?
If the business is of manufacturing based, then production is the key factor circling which the other activities rotate. Keeping the production cost most competitive vis a vis maintaining quality of the product during production stage are of paramount important in the said business.
What is account pitching?
Account pitching is a term used in the business world. It describes when a person or company is trying to get another company to do business with them or their product.
What does product range mean?
A product range describes the different types of the same goods or items that a business sells. E.g. Different flavours of the same crisps.
What factors influence the types of production a business should use?
the factors that influence the types of production a business should use are:-the size of the market,the type of production demanded,technological aspects of the product that is demanded andis it able to be produced by using the flow production method.
