Unit 1 - Key terms:- 'What is business?' 0.0 / 5 ? BusinessWhat is business?ASAQA Created by: KatieLStandenCreated on: 19-11-16 16:45 What is a good? A physical product e.g. banana 1 of 5 What is a service? An intangible item (something you can't physically hold.) e.g. healthcare 2 of 5 What is an input? Resources that are required to make a product or provide a service 3 of 5 What is an output? What the customers will get for their money. 4 of 5 What is added value? The process of increasing the worth of resources by modifying them. 5 of 5
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