Production ends when goods?

Assessment: WAEC SSCE - Commerce - 1989 (Objective) Subject: Commerce

Question 1 Report

Production ends when goods?
Answer Details
Production ends when goods and services reach the final user. In other words, production is a process of creating goods and services to satisfy the needs and wants of the consumers. The production process starts with the conversion of raw materials into finished products and ends when those products are made available to the final users. The ultimate goal of production is to provide goods and services that meet the needs and wants of the consumers. Therefore, production does not end when goods and services are used by the producer, packed and labelled, sold in the market, or advertised to the consumers, but it ends when the products reach the final user.

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning