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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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