Business, 06.03.2020 21:42 lilrider777

ProductionA) is a process by which resources are produced. B) is a process by which resources are transferred into goods and services. C) only applies to manufacturing of goods. D) is carried on by corporations, but not by sole proprietorships

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Answer from: jtorres0520

B) is a process by which resources are transferred into goods and services.

Explanation:

Production is the process of creating goods and services by use of the factors of production. The products produced may be for consumption by consumers or the production of other goods and services. The production process adds value to the inputs by turning them to goods and services able to satisfy the wants and needs of customers.

Land, labor, capital, and entrepreneurship are the factors of production.

Land refers to the fertile grounds used in agriculture. It is the space where commercial buildings and ventures are set up. Land includes minerals and naturally occurring resources used in production. Capital refers to assets, plants and machinery used in manufacturing other products. It includes financial resources used to establish and operate a business. Labor is the human contribution to the production process. It refers to the skills, experiences, and energy that people apply while working. Wages and salaries compensate for labor. Entrepreneurship is the process of generating, refining, developing, and converting a business idea into a profitable venture. The entrepreneur organizes the other factors of production to establish a business.

Answer from: Quest

i think the answer is a. science center.

Answer from: Quest

anyone below or above ambitious can tell you. so crowns mean brainliest. getting brainliest means your answer needs a good explanation and the person asking the question can understand your answer easily. so say there's a multiple choice question. you don't just want to say your answer is a, hope it . provide evidence and reasoning so that they know that that is the correct answer. a good explanation should have evidence, good reasoning, and your opinion on why you picked that. you don't want to look up their question on the internet and see if you can answer it. pick questions that you 100% know the answer to, so than that way you can provide a better explanation.

best of luck,

the divergent

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ProductionA) is a process by which resources are produced. B) is a process by which resources are tr...

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