The importance is to help you have and be successful in your business.
These are the materials needed for processing to come up with finished product. It is the step-by-step procedures followed in transforming materials into finished product.
It means finished product
It involves the necessary raw materials, number of workers, and types of machines
It is the actual testing of the business, It means the practicability of the business.
These are the expected result of variable and fixed costs
It involves formulation of sales strategy. It will server as the guide of the new entrepreneurs.