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J. Alfie, Content Writer, Masters in Literature, Dallas,Texas
Answered Dec 15, 2020
The correct answer to this question is “Manufacturing.”
Manufacturing can be defined as the process of processing raw materials into finished goods through the use of tools, chemical processing, and also human labor. There are different types of manufacturing, which includes:
Large-scale manufacturing: this involves producing goods in large quantities, and small-scale production is the process of producing goods in small quantities.
Manufacturing is a value-adding process that allows goods to be sold at a higher price instead of the price of the raw materials that are used. There are different types of manufacturing processes in which at least a factory operates, one of them which includes making to stock, make to order, and make to assemble. Lastly, there are other types of entrepreneurial business, which include manufacturing, wholesaling, retailing, agricultural, mining, and extracting.