A form of business that combines and transforms resources into tangible outcomes that are then sold to others is called a(n)
A) manufacturing organisation.
B) biotechnology firm.
C) information technology firm.
D) service organisation.
E) hybrid organisation.

Question

Quizplus · Accepted Answer

A manufacturing organisation combines and transforms resources (raw materials, labor, and capital) into tangible outcomes (finished goods) that are then sold to others. Biotechnology firms, information technology firms, and service organizations may also transform resources into tangible outcomes, but they may not necessarily involve the physical production of goods. A hybrid organization combines elements of different types of business models.

A Form of Business That Combines and Transforms Resources into Tangible