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Production & Product Lifespan

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Briefly discuss the definition of production and a production lifespan.

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The response provides you a structured explanation of production and product lifespan. It also gives you the relevant references

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Production is the making of goods/products from raw materials or components. It is making, or producing something. It also refers to the process and methods used to transform tangible inputs such as raw materials, semi-finished goods, subassemblies and intangible inputs into products/goods/services(1). The process uses ...

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  • MBA, Eastern Institute for Integrated Learning in Management
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