The correct sequence of events in the production of a polypeptide is

Translation is the process of formation of proteins through the mRNA strand. This process occurs in three main steps:

Initiation is the first step of translation where protein synthesis starts.
Elongation is the second step, here the formation of polypeptide occurs more and more of amino acids are synthesized and the chain got elongated.
Termination is the last step where the synthesis of proteins stops and the formation of polypeptide chain terminates.So, the correct option is 'Initiation, elongation, termination'.