A local farmer grows and sells corn and pumpkins to the local grocers. Look at the farmer's business as a system. In which category do the corn and pumpkins, profits, and losses fall? a) inputb) therbligc) transformational processd) resulte) output

Question

Grant Leblanc

Business

27 December, 17:47

A local farmer grows and sells corn and pumpkins to the local grocers. Look at the farmer's business as a system. In which category do the corn and pumpkins, profits, and losses fall? a) inputb) therbligc) transformational processd) resulte) output

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Callahan · Answer 1

E) output

Explanation:

The farmer's corn and pumpkins, profits, and losses are considered output.

In economy output represents the amount of goods or services produced by a business during a certain period of time. The goods can either be sold of held in inventory for a later sale (services cannot be stocked).

The farmer produces and sells pumpkins and corn, and depending on the sales price, the output volume and his costs, he will either make a profit or have a loss.