Management Notes

Reference Notes for Management

Which of the following best defines the term commodity?

Which of the following best defines the term commodity?

Which of the following best defines the term commodity?

A) A physical object we find, grow, or make to meet out needs and those of others.
B) An activity that benefits people, such as health care, education, and entertainment.
C) An economic system which adheres to the principles of socialism.
D) A benefit given to those who participate in the capitalist market.

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