What is the creation of goods and services using the factors of production including land, labor, capital, entrepreneurship, and knowledge?
A)Operations Management
B)Production Management
C)Transformation process
D)Production

Question

Quizplus · Accepted Answer

Production refers to the creation of goods and services using the factors of production including land, labor, capital, entrepreneurship, and knowledge. Operations Management and Production Management are more specific terms that refer to the management of the production process. The transformation process is a broader concept that includes both production and service processes.

What Is the Creation of Goods and Services Using the Factors