Goods

Which part of an orginazational system reflects processes that transform inputs into outputs?
Which term means the process required to change inputs into outputs? Transformation. is the conversion of inputs (resources) into outputs (goods or se...
Quantity of goods and services produced or provided by a business organization or economy
What is the quantity of goods or services produced? Output in economics is the quantity of goods or services produced in a given time period, by a fir...
Products goods and services
What are examples of goods and services? Goods and services are the output of an economic system. Goods are tangible items sold to customers, while se...
The goods which are purchased for the purpose of resale are called
What is goods for resale in accounting? are goods acquired by enterprises, such as wholesalers and retailers, for the purpose of reselling them withou...
A person or company that produces large amounts of goods is a
When goods are produced in large quantities it is called as? What Is Mass Production? Mass production is the manufacturing of large quantities of stan...
What is the term for machines doing the work formerly done by humans?
What is it called when you use machines to make goods? Industrialization. The shift from making goods by hand to making them by machine. What was the ...
What do economists count when computing G D P?
How do economists measure GDP? GDP is measured by taking the quantities of all goods and services produced, multiplying them by their prices, and summ...