Business Studies- Section 1
- Created by: Claudiatorresquiros
- Created on: 06-07-18 08:49
Key word |
Definition |
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Business Activity |
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Need |
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Want |
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Economic problem |
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Factors of production- resources needed to produce goods and serivices. |
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Scarcity |
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Opportunity cost |
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Specialisation: |
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División of labour: |
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Consumer goods |
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Consumer services |
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Capital goods |
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Adding value |
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Branding |
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Excellent service quality , product features and convinience will increase added value. |
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