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Steps or stages in Marketing Process:
Involves the creation of goods and services
OPERATIONS
refers to the totality of activities involved in the transfer of products from the producers/seller to the customer/buyer, including advertising, promotion, and selling, for the aim of obtaining customer satisfaction.
MARKETING
Deals with the management of revenues and money resources.
FINANCE
Is defined as the creation of goods and services. These goods and services are what a business sells to its market, which consists of customers. Involves a series of processes that convert a raw material into something useful.
PRODUCTION
Three Stages in Production:
1. Assembly
2. Finishing
3. Inspection
Means putting parts together to form a final product
ASSEMBLY
Involves processes such as painting, varnishing, polishing, trimming, cleaning, glazing etc.
FINISHING
It happens when an operation is checked to see if it has been done well, according to the specified quantity or quality. It can be done by verifying with the five senses or with the use of equipment.
INSPECTION
Is involved with the management of system and processes that create goods and/or provide services. It involved the planning, implementation, and control of production processes to ensure smooth and efficient production.
OPERATIONS MANAGEMENT
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