At the most basic level,a business is simply a device for
A) transforming inputs into outputs.
B) transporting products from one location to another.
C) converting outputs into inputs.
D) transferring title to goods from one party to another.
E) conserving outputs.

Question

Quizplus · Accepted Answer

A business takes inputs such as materials, labor, and capital and transforms them into outputs such as goods or services to sell to customers. This process of transforming inputs into outputs is the fundamental purpose of a business.

At the Most Basic Level,a Business Is Simply a Device