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The specific resources used in a company’s production are called
inputs.
Capital-intensive
2nd
The creation of goods and services from economic resources
turn inputs into products.
creates form utility.
It creates goods and services businesses can sell.
A freezer purchased by a restaurant owner
One of the benefits of production to consumers is that production
inputs.
Capital-intensive
2nd
The creation of goods and services from economic resources
turn inputs into products.
creates form utility.
It creates goods and services businesses can sell.
A freezer purchased by a restaurant owner
What quarter are we in right now?
inputs.
Capital-intensive
2nd
The creation of goods and services from economic resources
turn inputs into products.
creates form utility.
It creates goods and services businesses can sell.
A freezer purchased by a restaurant owner
What kind of conversion process is being used in an automated assembly line that produces soft drinks?
inputs.
Capital-intensive
2nd
The creation of goods and services from economic resources
turn inputs into products.
creates form utility.
It creates goods and services businesses can sell.
A freezer purchased by a restaurant owner
In production, the purpose of the conversion process is to
inputs.
Capital-intensive
2nd
The creation of goods and services from economic resources
turn inputs into products.
creates form utility.
It creates goods and services businesses can sell.
A freezer purchased by a restaurant owner
Which of the following outputs is considered an industrial good:
inputs.
Capital-intensive
2nd
The creation of goods and services from economic resources
turn inputs into products.
creates form utility.
It creates goods and services businesses can sell.
A freezer purchased by a restaurant owner
Why is production important to businesses?
inputs.
Capital-intensive
2nd
The creation of goods and services from economic resources
turn inputs into products.
creates form utility.
It creates goods and services businesses can sell.
A freezer purchased by a restaurant owner
What is production?
inputs.
Capital-intensive
2nd
The creation of goods and services from economic resources
turn inputs into products.
creates form utility.
It creates goods and services businesses can sell.
A freezer purchased by a restaurant owner
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