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