Asked by Huyen Nguyen on May 08, 2024
Verified
Production creates form utility by converting raw materials and other inputs into finished products.
Form Utility
The value added to goods through a change in form, shape, or appearance, to make them more useful or appealing.
Raw Materials
Basic substances in their natural, modified, or semi-processed states, used as inputs to a production process for manufacturing finished goods.
- Realize the critical role and outcomes of effective production and operations management in slashing expenses, boosting quality, and facilitating innovation.
Verified Answer
CU
Claire UrestiMay 12, 2024
Final Answer :
True
Explanation :
Production creates form utility by transforming raw materials and inputs into finished goods, thereby making them more valuable and useful to consumers.
Learning Objectives
- Realize the critical role and outcomes of effective production and operations management in slashing expenses, boosting quality, and facilitating innovation.
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