Question

______ is the time span between the receipt of raw material and their  conversion into finished goods.

Options

• Production cycle

• Business cycle

• Both (1) and (2)

• None of these

Answer 1

Production cycle

Explanation - 

The time between receiving raw materials and converting them into finished goods is referred to as the production cycle. Some companies have a longer manufacturing cycle, while others have a shorter one. The amount of money needed for raw materials and expenses is affected by the length and duration of the manufacturing cycle.