What are the three most likely situations which arise before any firm while preparing the production plan?

Question

Accepted Answer

The three situations are: a) No manufacturing involved - if the venture is a trading firm or service provider, this section is eliminated. b) Partial manufacturing - if some manufacturing is subcontracted/outsourced, describe name/location of subcontractors, reasons, cost/time involved, contracts. c) Complete manufacturing - describe physical plant layout, machinery, raw materials, cost of manufacturing, future capital equipment.