Final answer:
A configuration of resources, created by the organization that will be potentially valuable to their consumers, is called a Product.
Step-by-step explanation:
A configuration of resources, created by the organization that will be potentially valuable to their consumers, is called a Product.
A product refers to a tangible item or good that is produced and sold by a firm to households in the market. It can be used by consumers for their own use or be further used as an input in the production of other goods and services.
For example, a smartphone produced by a company is a product that consumers can purchase and use for communication and various other tasks.