The function of a firm is to purchase resources and then to transform them into goods and services and offer them for sale.

Name: The function of a firm is to purchase resources and then to transform them into goods and services and offer them for sale.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A firm's function is indeed to acquire resources, transform them into goods or services through a production process, and then offer these goods or services for sale to consumers or other businesses.

The Function of a Firm Is to Purchase Resources and Then