Production ends when goods and services ________

Assessment: JAMB UTME - Commerce - 2017 Subject: Commerce

Question 1 Report

Production ends when goods and services ________
Answer Details
Production ends when goods and services reach the final consumer. Production refers to the process of creating goods and services to meet the demands of consumers. This process involves a series of steps, starting from the sourcing of raw materials, manufacturing, packaging and labeling, and finally, the distribution of the finished products to the end consumer. So, the production process is considered complete when the goods or services reach the final consumer, who will use or consume them. This is because the ultimate goal of production is to provide products and services to meet the needs and wants of the consumer.
Read lesson note on Production (WAEC)
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