Question: In selecting the appropriate production process, managers consider three basic methods. Vikram, our entrepreneur, is interested to learn his options. 1. List the 3 methods

In selecting the appropriate production process, managers consider three basic methods. Vikram, our entrepreneur, is interested to learn his options. 1. List the 3 methods of production process for Vikram to consider. (3 marks) 2. Define and describe the 3 methods in your own words so he can understand what this means to him (3 marks) 3. Provide an example and explain why the model might be considered or used for each of the 3 methods (6 marks)

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