Question

What do you mean by Organisation of Production?

Answer 1

1. There is a range of inputs that are used in the production of goods or services.

2. Some of the common factors of production include land, labour and capital.
3. Apart from these basic factors a major factor that is most required is the ability to manage and organize the production in order to attain goals and profits.
4. If there is no organization, then production as per the standards becomes almost impossible.
5. Organization of production is basically making arrangements, controlling, coordinating and managing the production in order to get desired results or outputs.