Geography · Industries

Consider the following statements about an industrial system: 1. Inputs include raw materials, labor, and capital. 2. Processes refer to marketing strategies and sales channels. 3. Outputs are the final products and income generated. 4. Efficient processes minimize waste and maximize output. Which of the statements given above are correct?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

12 and 4 only
21, 2 and 3 only
31, 3 and 4 only✓
41, 2, 3 and 4

Correct answer

1, 3 and 4 only

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