Production covers all but one of the following activities:
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
