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what is the term for an organization that combines inputs of raw materials, capital, labor, and management skills to produce useful outputs of goods and services so as to earn a profit?
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what is the term for an organization that combines inputs of raw materials, capital, labor, and management skills to produce useful outputs of goods and services so as to earn a profit?

User Sruly
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1 Answer

3 votes

Answer:

The correct answer to the following question will be "Business".

Step-by-step explanation:

  • Business is the practice of earning a living or making a lot of money by manufacturing or purchasing items such as products and services. Put it simply, it is "any business or business done for profit".
  • It would be the concept for an enterprise that blends imports of raw resources, resources, workforce, and managerial skills to produce reliable outcomes of products and services to turn a profit.

Therefore, Business is the right answer.

User PetrS
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