An organization which employs resources to produce a good or service for profit and own and operates one or more plants is called_______________?
Correct answer: C. Firm
- A. Company
- B. Factory
- C. Firm
- D. None
Explanation
A firm is a business organization that combines resources to produce goods or services for profit and may own or operate one or more plants. A factory is only the physical production establishment.
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Practise Agricultural Economics and Extension
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