Exam 3 Test Prep
Process manufacturing is the part of the production process that physically or chemically
Assembly process is the part of the production process that puts together components.
Continuous process is a produ
Exam 1 Test Prep
Factors of Production:
1. Land Land and other natural resources are used to make homes, cars, and other
2. Labor People have always been an important resource in producing goods and
services, but many people are now
Exam 2 Test Prep
Sole proprietorship is a business that is owned and usually managed, by one person.
Advantages: ease of starting and ending the business, being your own boss, pride of
ownership, leaving a legacy, retention of company profits