Any goods and services that a firm buys from other firms to use in its production process are classified as _____ inputs.Multiple choice question.intermediateinterposedintermediary

The goods and services a business uses to produce its outputs are known as ______.Multiple choice question.inputsinsertsingredients

The money a business pays for the inputs is uses in production is its ______.Multiple choice question.write-offsobligationscosts

The goods and services that a business sells to its customers are its ______.Multiple choice question.turnoutsoutputsbenefits

Multiple Choice QuestionThe purchase price for each of the inputs required to produce a good or service is referred to in economics as Blank______.Multiple choice question.materials resource planningresource pricingsupply chain managementcost accounting

Multiple Choice QuestionThe buying, selling, and trading of goods and services across national boundaries is referred to as ______.Multiple choice question.countertradinginternational businessoutsourcingthe balance of trade