Production process and factors of production.
The ultimate target of the production process is to make goods and/or services that will meet the demands and needs of prospective customers.

Meeting the demands of customers efficiently, quickly, with best quality, allowing competitive pricing, is the best way to ensure success.
The production process is the method that businesses make products and services. A productive process is quite a fluid process. it will be analysed and tweaked as needed continually to make improvements in cost, speed and qualitiy.
The main resources and stagesthat are involved to make up the production process are shown here below. How well-organised a business is at performing this transformation process will ultimately determine its success level. This level is what's known as the productive efficiency of a firm and it needs to be as efficient as possible.
Efficiency in transforming its input resources into saleable output products lowers production (transforming) costs. This means using the minimum amount of input resources as possible to achieve a set amount of product outputs. While utilising the minimum amount of transforming costs like labour, electricity, waste output
Doing this will minimise the production cost per unit and give the firm the ability to sell at a lower competitve price. Thus gaining an advantage over other competitve firms suppying the same product or service.
Ultimately, the objective of the production process is to create goods and services that meet the needs and wants of customers. The needs and wants of customers will be met if a business can produce the correct number of products, in the shortest possible time, to the best quality and all at a competitive price.
This is the underlying mission of success behind any and every successful firm. Despite any other mission statement they may