Question

How does managing the production process impact business operations?​

Answer 1

Reduces Manufacturing Cost – By maximizing outputs while minimizing inputs, production management lowers the cost required to produce finished products. This can be used to improve profit margin, or it may be passed onto the customer to ensure a competitive advantage.

Answer 2

Production management helps the firm to achieve its sales and business objectives by producing goods and services

Step-by-step explanation:

Production management helps the firm to achieve its sales and business objectives by producing goods and services that meet the need of consumers. Sales and profit will increase if the product produced satisfies the customers' needs.