Production covers all but one of the following activities:
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- A Changing the position of a good in time as, for example, holding stock of goods until they are required
- B The provision of some kind of service e.g retailing
- C Changing the form of a good from the raw material to the finished product
- D Changing the situation of a good as for example , from a factory in Lagos to a retail shop in port harcourt
- E The use of good and services to satisfy individual wants
Correct Answer: Option E
Explanation:
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