Production Perspectives: Economic, Functional, and Technical
Classified in Social sciences
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Production Perspectives
The production and distribution of goods and services involve multiple tasks and functions, requiring an organizational instrument to coordinate the whole process. This is the company's role. There are several perspectives on the production of these services.
Economic Overview
Production is a process that meets families' needs by developing products based on factors of production (natural resources, labor, capital) employed by companies.
Functional-Utilitarian Perspective
Production practices add value to things by making them more useful than they were before. For example, in manufacturing a shirt, the components are fabric and yarn. Converting these materials into a shirt requires productive activity, utilizing a specific... Continue reading "Production Perspectives: Economic, Functional, and Technical" »