A production process is a specific combination of resources used to produce a good or service.

Name: A production process is a specific combination of resources used to produce a good or service.
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Question

Quizplus · Accepted Answer

This statement is true. A production process involves a specific combination of inputs such as labor, capital, land, and entrepreneurship, that are used to transform raw materials or intermediate goods into finished products or services.

A Production Process Is a Specific Combination of Resources Used