Question

The "organization" or "entrepreneur" plays a crucial role in production by

• A. Providing the land on which production takes place.
• B. Contributing their physical labor to the production process.
• C. Combining and coordinating the other factors of production (land, labor, and capital).
• D. Providing the financial capital for the production process.

Answer 1

Answer:

C. Combining and coordinating the other factors of production (land, labor, and capital).

Entrepreneur or organization's primary role in production is to:

1. Bring together all factors of production

2. Coordinate how these factors work together

3. Make key decisions about how to combine land, labor, and capital efficiently

4. Manage the overall production process