[Solved] Which of the following are reasons why commodities may have a negative basis? I. storage costs II. seasonal price fluctuations III. transportation costs IV. interest costs A)I only B)IV only C)I and III only D)I, II, and III only E)I, II, III, and IV Production: The process of converting materials, labor, and capital into finished goods and services that can be sold to customers. Budgeted Production: The estimated quantity of products that a company plans to produce in a specific period, often used for planning material, labor, and overhead requirements. Product XXX: Suggests a placeholder name for a product, often used when the specific product name is not disclosed or relevant. Units: A measurement or quantity, especially in the context of production, sales, or accounting, representing a standard or specific amount of a product or service.