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What is the meaning of production?

Answer and explanation

Correct answer: Making goods or services

Production is the process of creating goods or providing services by transforming or combining resources. It may involve manufacturing a product or performing an activity that gives value to a customer. Thus option A is correct. Forgetting customers, wasting materials, or keeping a shop closed does not constitute production.

Related tags

ProductionGoods-ServicesClassification Of Business ActivitiesBusinessTrade And CommerceBusiness Trade And CommerceBusiness StudiesClass 11 Mcq

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