The basic building blocks to a firm,or the inputs into the production process,are:
A) competition.
B) strategy.
C) liabilities.
D) resources.

Question

The basic building blocks to a firm,or the inputs into the production process,are: 
A) competition.
B) strategy.
C) liabilities.
D) resources.

Quizplus · Accepted Answer

The basic building blocks or inputs into the production process are the resources required by a firm to produce goods or services. These resources include physical inputs such as raw materials and equipment, human inputs such as labor and intellectual inputs such as knowledge and expertise. Competition and strategy are external factors that affect a firm's production process, while liabilities are obligations that a firm owes to others.

The Basic Building Blocks to a Firm,or the Inputs into the Production