A useful good, service, symbol, or idea sold by its maker to a consumer.Group of answer choicesCorporationCommoditySupply chainCommodity chain
Question
A useful good, service, symbol, or idea sold by its maker to a consumer.
Group of answer choices:
- Corporation
- Commodity
- Supply chain
- Commodity chain
Solution
The answer to your question is "Commodity."
A commodity is defined as a basic good that is interchangeable with other goods of the same type. These are often raw materials or primary agricultural products that can be bought and sold, such as oil, gold, or coffee. They are essential in the economy as they form the basis for trade and commerce, being produced and offered to consumers by various makers. In contrast, a "corporation" refers to a business entity, a "supply chain" involves the entirety of processes involved in producing and delivering a product, and a "commodity chain" focuses on the steps taken to bring a commodity from production to the consumer. Therefore, "Commodity" is the most accurate choice for your question.
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