Goods and services are inputs in an open system.

Open System

A system that transforms resource inputs from the environment into product outputs.

Goods and Services

Products that can be physically touched or tasks performed for a consumer, respectively.

Understand the concept of open and closed systems in organizations and their interaction with the environment.

Verified Answer

Final Answer :

False

Explanation :

Goods and services are outputs of an open system, not inputs. Inputs would typically include resources such as labor, capital, and raw materials.

Learning Objectives

Understand the concept of open and closed systems in organizations and their interaction with the environment.