The various resources used to create a company's goods and services are collectively referred to as ________
A) raw materials
B) factors of production
C) supplies
D) inventory
E) intellectual property
B
Explanation: B) Factors of production are the resources used to produce goods and services. They include five factors: labor, natural resources, capital, entrepreneurial talent, technology, and intellectual property. Raw materials, supplies, and inventory, might be included in the natural resources factor, but do not encompass all the resources needed for production.
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