Production covers all but one of the following activities:
-
A.
changing the position of a good in time as, for example, holding stock of goods until they are required -
B.
the provision of some kind of service e.g retailing -
C.
changing the form of a good from the raw material to the finished product -
D.
changing the situation of a good as for example , from a factory in Lagos to a retail shop in port harcourt -
E.
the use of good and services to satisfy individual wants