Explain the meaning of each of the following terms: (i) production control; (2 marks) (ii) pre-costing. (2marks)June/July 2020

(i) Production control: Production control refers to the process of managing and coordinating the various activities and resources involved in the production of goods or services. This can include planning and scheduling, quality control, inventory management, and other tasks that are necessary to ensure that the production process is efficient and effective.

(ii) Pre-costing: Pre-costing refers to the process of estimating the costs that will be incurred in a proposed production or construction project before it is actually undertaken. This can involve forecasting the cost of materials, labor, equipment, and other resources that will be needed, as well as any other expenses that may be incurred. Pre-costing helps to provide a clear understanding of the potential costs of a project and can help to identify any potential issues or challenges that may arise.