What Are Goods

question 223

Multiple Choice

What are goods?

• A)material items or products that customers will buy to satisfy a want or need
• B)tasks performed by people that customers will buy to satisfy a want or need
• C)the process where a business takes raw materials and processes them or converts them into a finished product for its goods or services
• D)the rate at which goods and services are produced based upon total output given total inputs

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Definitions:

Operative Goal

A specific, detailed target that an organization aims to achieve, often related to its day-to-day operations.

Social Invention

Innovations that relate to how people organize and interact within societies, including new social practices, structures, and technologies.

Social Convention

Agreed-upon norms and practices within a society or group that guide behavior, communication, and expectations.

Common Goals

Shared objectives or targets that a group or team collaborates to achieve, often motivating cooperation and collective effort.