Production of goods and services 0.0 / 5 ? Business StudiesOperations managementGCSEAll boards Created by: RosieGingerCreated on: 16-03-16 11:37 The meaning of production Business convert inputs into more valuable outputs; this is referrred to as adding value. Production means making goods or services. Productivity refers to how effective resources are in producing goods. Productivity rises when resources are used well. More output is produced with more amounts of inputs. Operations management is the term that describes the process of managing resources to add value. 1 of 1
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