The following factors are important in production:

Question

Quizplus · Accepted Answer

While many factors may be important in production, technology, time, and efficiency are crucial for modern and effective production processes. Without efficient technology, it is difficult to produce goods or services quickly or cost-effectively, and timely production is critical for meeting demand and staying competitive. Additionally, ensuring that production is as efficient as possible helps to minimize waste and maximize profitability.

The Following Factors Are Important in Production