Enterprise
- Created by: NerdAlert
- Created on: 30-08-22 11:47
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- Enterprise 1
- Purpose of business activity
- Use resources to meet the needs of customers by providing a product/service demanded
- Create and add value to resources and making them desirable and valued
- Use scarce resources to produce goods and services that lead to higher living standards
- Without business activity
- Dependent on the goods we grow ourselves
- self-sufficent
- lower living standard
- Creating and adding value
- Creating value is increasing the difference between the cost of purchasing bought-in materials and the price the fished goods are sold fer
- Added value is the difference between the cost of purchasing bought-in materials and the price the finished goods are sold for
- Ways to add value
- Create a brand
- Advertise
- Provide customised services
- Provide additional features
- Offer convenience
- Purpose of business activity
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