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Sagot :
✏Question✏
- Statement I – Manufacturers provide tangible products.
- Statement I – Manufacturers provide tangible products.Statement II – Manufacturing companies use raw materials, components, or parts
- Statement I – Manufacturers provide tangible products.Statement II – Manufacturing companies use raw materials, components, or partswhich are processed using machines, computers, and labor to produce finished goods.
✏Answer✏
Letter B. Only Statement I is true
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Answer:
The correct answer letter is A. Both statements are true
Explanation:
Why do I say so? Well, Let's take a look at what a manufacturer is.
Manufacturing Company
A manufacturing company or a manufacturer is mainly involved in the production of physical products. Physical products are things that we can hold, use, see, and consume. Physical products are also called tangible products.
Remember, physical or tangible products are different from services. Services are a series of activities, a software, or an application that allows one to finish or carry out a job.
To create a product, several components are needed.
Components of a Product
Raw Materials
These are materials that are directly sourced from nature or materials that cannot be used alone.
Examples: vegetables, sand, leaves
Producer Goods or Other Materials
These are made from raw materials but are not necessarily final products on its own because they are used to create another product.
Labor
This is the work that takes the materials together to create a product.
Examples: manual labor from people, machines, computer software or applications
Overhead
These are materials or things that are needed to make the product but they are not seen in the final product itself.
Examples: electricity, water, gas, rent
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