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8721 Principles of Business and Finance

Extraction and Cultivation (Types of Production 1)
Extraction and Cultivation (Types of Production 1)
is the most basic form of production which obtains products from nature or using natural resources to grow.
Processing (Type of Production 2)
Processing (Type of Production 2)
changing and improving the from of another product which increases its value and usefulness.
Manufacturing (Type of Production 3)
Manufacturing (Type of Production 3)
combining raw materials and processed goods into finished products
Mass Production (Manufacturing procedures 1)
Mass Production (Manufacturing procedures 1)
using assembly processes to produce large quantities of identical products
Custom Manufacturing (Manufacturing procedures 2)
Custom Manufacturing (Manufacturing procedures 2)
process of producing a specific and exclusive product for a customer.
Materials Processing (Manufacturing procedures 3)
Materials Processing (Manufacturing procedures 3)
process of changing raw materials to another form in order to be consumed or used to make other products.

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