The best definitions of input, output and processing are as follows:
- Input refers to the resources that are used up in production to create further value, finished goods, or more input for further processing.
- Processing is the intervening activity that changes the input to output.
- Output is the product of processing input or resources. Output is typically the finished outcome from a processing activity.
<h3>What is the relationship between input, output, and processing?</h3>
Processing is at the center of input and output.
Processing involves changing, manipulating, or transforming input resources into output or finished products.
Thus, the definitions of input, output and processing are as given above.
Learn more about input, output, and processing at brainly.com/question/25250720
A communism political system favors an economic structure in which means of production are owned and monitored by the government. A communist economy means that the government will control the majority of factors centered around production. They will determine where resources should be used and what type of goods and services will be produced.<span> </span>
Explain the effects of each of the following factors on the market price and quantity of cell phones available in the market:
An increase in consumers’ income = if there is an increase in consumers income, there may be a decrease in the cell phones available for purchase because more people would have money to purchase phones. If more people are willing and able to purchase phones, the market price may increase on the device.
Technical improvements that reduce production costs = If production costs of the devices go down, the market price may decrease making the phones more affordable. If phones become more affordable and decrease in price, the quantity sold may rise to reflect the change.
A sharp decline in the cost of making fixed-line calls = if the cost of making fixed-line calls decreases, there may not be any change to the market price of phones however their may be an increase in quantity sold.
The answer to the question stated above is letter c. <span>sales journal.
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Sales journals<span> are used for recording sales of merchandise on account, it is sometimes termed as credit sales.
Cash sales are </span>not recorded on <span>Sales journal because </span><span>they belong in the </span>cash receipts journal.
