___________ is the creation of goods and services using land,labor,capital,entrepreneurship and knowledge.

Question

Quizplus · Accepted Answer

Production involves the transformation of inputs (land, labor, capital, entrepreneurship and knowledge) into outputs in the form of goods or services. Resource combination refers to the way in which different inputs are combined to produce output, whereas supply chain management and purchasing are focused on the acquisition and coordination of inputs rather than their transformation into outputs.

___________ Is the Creation of Goods and Services Using Land,labor,capital,entrepreneurship