________ is the creation of goods and services using land, labor, capital, entrepreneurship, and knowledge.
A) Resource recombination
B) Supply chain management
C) Production
D) Purchasing

Question

Quizplus · Accepted Answer

Production is the process of creating goods and services using various factors of production such as land, labor, capital, entrepreneurship, and knowledge. Resource recombination refers to the strategic use of resources to create new products or processes. Supply chain management involves the coordination of various activities involved in the production and distribution of goods and services. Purchasing refers to the acquisition of goods and services from external sources.

________ Is the Creation of Goods and Services Using Land