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Business; an organization that uses resources to produce a product is known as a ? O Private Company O Shop O Firm O Enterprise

Business; an organization that uses resources to produce a product is known as a ? O Private Company O Shop O Firm O Enterprise
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11 votes
Business; an organization that uses resources to produce a product is known as a ?

O Private Company
O Shop
O Firm
O Enterprise

User Manish Sapariya
by
7.3k points

2 Answers

6 votes
Enterprise
Explanation: Enterprise is the factor of production that organises the other factors of production into a production unit to produce a good/service.
User Dehamzah
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8.3k points
8 votes
Answer: Firm
Firm- an organization that uses resources to produce a product which it then sells.
User NickAb
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8.3k points
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