Examlex
Which of the following is a factor of production?
Service Company
A business that provides intangible products or services to customers or clients, as opposed to selling physical goods.
Purchasing Cycle
A sequence of steps or procedures undertaken by a business to acquire goods or services from suppliers.
Merchandising Company
A business that purchases finished products and sells them to consumers without changing the physical form of the goods.
Create Purchase Order
A document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.
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