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factors to consider before going into a production business
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[QUOTE="Mastergp, post: 265614, member: 85422"] Well at school I was thought that production can be define as a process of Turning raw materials into finish goods and services they are different production businesses we have or would like to engage in but one need to consider the factors involve they are many but I will mention a few that I have full idea about? [B]Paining[/B] : Before starting a production business one need to make plans on how they business would be run, numbers of workers or staff to employ and goal, cost of capitals to start the business. [B]Level of demands[/B]: After the planing then comes demands, the reasons for producing is because we want our product to reach the final consumer so when demand is low the cost of product will also be low, so one need to make sure of the product he want to produce and those consuming it. [B]Location of the firm[/B]: Location of production firm determine the demands, a production firm shouldn't be far from it consumers it should have subtle means to get them to their consumers like for example a local newspaper production shouldn't be start up away from the location of it coverage instead it should base on that locality. [/QUOTE]
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factors to consider before going into a production business
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