1 Business & its enviroment

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  • Created by: zaynab89
  • Created on: 04-03-19 05:06
the purpose of business activity
The transformation process: Input ---output
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The transformation process
Businesses take inputs & transform them to outputs for consumers
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Inputs
Land, labour, capital, intellectual capital
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Outputs
Good or services
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Creating value
Value is created when outputs are produced that are more than the inputs
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Other cards in this set

Card 2

Front

Businesses take inputs & transform them to outputs for consumers

Back

The transformation process

Card 3

Front

Land, labour, capital, intellectual capital

Back

Preview of the back of card 3

Card 4

Front

Good or services

Back

Preview of the back of card 4

Card 5

Front

Value is created when outputs are produced that are more than the inputs

Back

Preview of the back of card 5

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