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What is the difference between a merchandise business a service business a manufacturing business or a producing business?
A merchandise business primarily buys and sells physical goods, acting as a retailer or wholesaler. In contrast, a service business offers intangible products, providing services rather than goods, such as consulting or repair work. A manufacturing business creates products by transforming raw materials into finished goods through various processes. A producing business can refer to any entity that generates goods or services, often encompassing both manufacturing and service aspects, depending on its operations.
What is the definition of vertical merger?
Vertical merger is between two companies that is producing different goods. This happens when two different firms are on different levels.
What is goods producing business?
A good producing business is a business that produces tangible goods to satisfy consumers at aprofit
What is the nature of business?
producing goods for a valued exchange.
What is meaning of merchant export?
The exporter who does not have manufacturing facility and export the goods after buying from manufacturer.
Basic definition of large scale manufacturing and small scal manufacturin?
large scale manufacturing means producing a large goods. small scale manufacturing means producing a small goods
What is activity that produces goods or services?
goods producing industries are agriculture, mining, manufacturing and construction; tertiary industry creates services
What is the differnece between a service industry and manufacturing?
A service industry provides a service like lawn care, manufacturing is a factory producing goods.
What actions do mills take in the process of producing goods?
Mills take various actions in the process of producing goods, such as sourcing raw materials, manufacturing products, quality control, packaging, and distribution.
What are some examples of capital goods used in the manufacturing industry?
Examples of capital goods used in the manufacturing industry include machinery, equipment, tools, vehicles, and technology such as robotics and computer systems. These items are essential for producing goods and services on a large scale.
What is the major difference between construction and manufacturing?
Construction is building something from the ground up, i.e. a skyscraper, a house. Manufacturing is producing goods, i.e. the glass, windows, doors, wood, cement that would go into constructing the skyscraper or house. Manufacturing is taking raw goods and producing a product with a specific use, whether it's a sink, carpet, light bulb, refridgerator, car tire, television, computer, etc.
What is the difference between a merchandise business a service business a manufacturing business or a producing business?
A merchandise business primarily buys and sells physical goods, acting as a retailer or wholesaler. In contrast, a service business offers intangible products, providing services rather than goods, such as consulting or repair work. A manufacturing business creates products by transforming raw materials into finished goods through various processes. A producing business can refer to any entity that generates goods or services, often encompassing both manufacturing and service aspects, depending on its operations.
What is the definition of a defense plant?
The term "Defense Plant" refers to a manufacturing facility engaged in producing goods used by the military, such as rifles, ammunition, radios, etc.
Which innovation allowed for mass production of goods?
Interchangeable parts opened the way for producing many different kinds of goods on a mass scale and for reducing the price of the goods.
What is producing capital goods rather than producing final goods is known as what?
Investment
Different countries often specialize in producing different goods What is a consequence of this?
The countries are more likely to trade with each other
What is manufactred?
Manufacturing means producing or building. The factory was Manufacturing cars.
