Purpose of Business Activity
- Created by: Rachelle
- Created on: 24-04-13 13:08
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- Purpose of Business Activity
- Provide a good or service
- Satisfy the needs and wants of the population
- Employs people and pays wages, allowing them to consume products made by other people.
- Unlimited human wants vs. scarcity of factors of production.
- Enterprise
- Land
- Labor
- Capital
- Objectives
- Profit
- Increase added value
- expand business
- survive
- Provide a service for the community
- Conflicting Groups
- Consumers
- Community
- Workers
- Directors
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