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What is production?
It creates goods and services businesses can sell.
2nd
creates form utility.
inputs.
The creation of goods and services from economic resources
Providing home security
turn out the most products at the least cost.
turn inputs into products.
What quarter are we in right now?
It creates goods and services businesses can sell.
2nd
creates form utility.
inputs.
The creation of goods and services from economic resources
Providing home security
turn out the most products at the least cost.
turn inputs into products.
The specific resources used in a company’s production are called
It creates goods and services businesses can sell.
2nd
creates form utility.
inputs.
The creation of goods and services from economic resources
Providing home security
turn out the most products at the least cost.
turn inputs into products.
Efficient production enables businesses to
It creates goods and services businesses can sell.
2nd
creates form utility.
inputs.
The creation of goods and services from economic resources
Providing home security
turn out the most products at the least cost.
turn inputs into products.
In production, the purpose of the conversion process is to
It creates goods and services businesses can sell.
2nd
creates form utility.
inputs.
The creation of goods and services from economic resources
Providing home security
turn out the most products at the least cost.
turn inputs into products.
Which of the following is an example of production:
It creates goods and services businesses can sell.
2nd
creates form utility.
inputs.
The creation of goods and services from economic resources
Providing home security
turn out the most products at the least cost.
turn inputs into products.
One of the benefits of production to consumers is that production
It creates goods and services businesses can sell.
2nd
creates form utility.
inputs.
The creation of goods and services from economic resources
Providing home security
turn out the most products at the least cost.
turn inputs into products.
Why is production important to businesses?
It creates goods and services businesses can sell.
2nd
creates form utility.
inputs.
The creation of goods and services from economic resources
Providing home security
turn out the most products at the least cost.
turn inputs into products.
Check it!