Organisations that combine raw materials, machinery, and labour to produce goods are called
A) manufacturing businesses.
B) service businesses.
C) merchandisers.
D) market intermediaries.
E) processors.

Question

Quizplus · Accepted Answer

Manufacturing businesses combine raw materials, machinery, and labor to produce goods. Service businesses do not produce tangible goods, merchandisers buy and sell finished products, market intermediaries facilitate transactions between buyers and sellers, and processors typically transform raw materials into finished products for other businesses to sell.

Organisations That Combine Raw Materials, Machinery, and Labour to Produce