Which of the following is the process that converts inputs into outputs that can be sold as goods and services?
A) production
B) marketing
C) specialization
D) mechanization

Question

Quizplus · Accepted Answer

Production is the process of converting inputs (raw materials, labor, energy, etc.) into outputs (goods and services) that can be sold in the market. Marketing refers to the activities that promote and sell those goods and services, but it does not involve the actual process of production. Specialization and mechanization are factors that can improve production efficiency, but they are not the process of production itself.

Which of the Following Is the Process That Converts Inputs