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      Question

      ______ implies transformation of various inputs into

      outpur, thereby increasing the want-satisfying capacity of inputs.
      A Production Correct Answer Incorrect Answer
      B Sales Correct Answer Incorrect Answer
      C Marketing Correct Answer Incorrect Answer
      D Procurement Correct Answer Incorrect Answer

      Solution

      Production means the transformation of the input into output in form of goods and services to give the desired utility to satisfy human needs.

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