Regardless of their organizational structure, all firms convert inputs into outputs that can sell or distribute.

Name: Regardless of their organizational structure, all firms convert inputs into outputs that can sell or distribute.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. All firms, regardless of their structure, engage in some form of production process that involves converting inputs (such as raw materials, labor, and resources) into goods or services that can be sold or distributed.

Regardless of Their Organizational Structure, All Firms Convert Inputs into Outputs