Understanding the nature and purpose of business  

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  • Understanding the nature and purpose of business
    • Why does a business exist
      • Create employment
      • create wealth
      • create new products
      • enhance a country's reputation
    • What does a business do?
      • Transformation Process
        • Outputs:
          • goods
          • services
          • waste products
      • Outputs:
        • goods
        • services
        • waste products
    • Types of business
      • priamry
      • secondary
      • tertiary
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