manufacturing of a product

Question 1

what is manufacturing

Answer 1

Manufacturing is the process of fabricating and assembling raw materials, or components into finished product.

Question 2

differentiate whole seller and retailer

Answer 2

A whole seller is a merchant middleman who sells chiefly to retailers, and a retailer is a merchant who sells directly to the customers

Question 3

differentiate consumer goods and producer goods

Answer 3

Consumer goods are goods that you can buy anywhere, on a sari-sari store, groceries, meanwhile the producer goods are goods that we buy from farmers, miners and other manufacturing industries.

Question 4

enumerate the steps in manufaturing

Answer 4

The five steps in manufacturing are the design, raw materials, making of products, production control, and distribution and sales