1
It is the ability to sell goods and services at a lower price than its competitors.
2
It allows the business generate greater sales and retain more customers than its competition.
3
It involves the use of raw materials, machinery and manpower to create a product.
4
Processes and techniques that are used to manufacture a product.
5
Where groups of items are made together.
6
Where items are made individually.
7
Where identical, standardized items are produced on an assembly line.
8
Assigning tasks to departments, machines, or people and reviewing of its accomplishment.
9
That means create goods and services.
10
It means the extra feature of a product, service, person, etc.
11
It is the sequence of processes by which a product must pass.
