What is the term for an organization that combines inputs of raw materials, capital, labor, and management skills to produce useful outputs of goods and services so as to earn a profit?


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The correct answer to the following question will be "Business".


Business is the practice of earning a living or making a lot of money by manufacturing or purchasing items such as products and services. Put it simply, it is "any business or business done for profit".It would be the concept for an enterprise that blends imports of raw resources, resources, workforce, and managerial skills to produce reliable outcomes of products and services to turn a profit.

Therefore, Business is the right answer.

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