Final answer:
The three elements of the basic system are Inputs, Conversion Process, and Outputs.
Step-by-step explanation:
The three elements of the basic system are Inputs, Conversion Process, and Outputs.
Inputs are the resources or materials that enter the system to be transformed into outputs. Examples of inputs in a business context could be raw materials, labor, or capital.
Conversion Process refers to the actions or operations performed on the inputs to convert them into desired outputs. This could involve manufacturing, processing, or providing services.
Outputs are the final products or services that result from the conversion process. These are the outcomes or deliverables of the system.