ENTREPRENEURIAL OPERATIONS
QUALITY CONTROL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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analytic; leveraged
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produced; performed
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analytic; produced
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produced; leveraged
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Detailed explanation-1: -Answer and Explanation: The creation of goods and services is referred to as (b) production and manufacturing. Production and manufacturing refer to the process of creating goods and services with the help of raw materials, labor force, and technologies. The process ends with sales.
Detailed explanation-2: -GDP is composed of goods and services produced for sale in the market and also includes some nonmarket production, such as defense or education services provided by the government. An alternative concept, gross national product, or GNP, counts all the output of the residents of a country.
Detailed explanation-3: -Producers are people who make or grow goods and provide services. Sometimes they are called workers, and they help us do things. For example, a florist is a producer who makes pretty bouquets.