What are the resources used in the transformation process referred to as?

The resources used in the transformation process are referred to as inputs. In the context of business operations, inputs include all the materials, human resources, technology, and information that are utilized to produce goods or deliver services.

In the transformation process, these inputs are fundamental as they undergo various processes to convert them into outputs, which are the final products or services that meet the needs of consumers. Understanding the distinction between inputs, outputs, goods, and services is crucial in business studies, particularly when analyzing how a business operates efficiently and effectively.

While outputs represent the results of the transformation process—either goods or services—inputs are the starting point that feeds into this process. Goods and services refer to the end products that result from combining these inputs.