What is a business? 0.0 / 5 ? Business StudiesWhat is a business?International BaccalaureateNone Created by: tom4dui24Created on: 04-08-21 11:23 What is a business? An organisation that provides goods or services in return for revenue 1 of 11 What is revenue? All money that is received by a firm for selling goods and services 2 of 11 What is a good? All money that is received by a firm for selling goods and services 3 of 11 What is a service? a transaction in which no physical goods are transferred from the seller to the buyer 4 of 11 What is the transformation process? Transforming inputs into outputs 5 of 11 What are the 4 inputs? Capital Enterprise Land Labour 6 of 11 What is land? Raw materials, site for building 7 of 11 What is labour? Employees, staff, labour. They are rewarded by salaries or wages. They can be permanent or not. 8 of 11 What is capital? Technology, machinery, finance, factories/offices 9 of 11 What is enterprise The skills of the business and to run the business 10 of 11 What are the outputs? Finished products Pollution (air, water) Unused raw materials General waste 11 of 11
Comments
No comments have yet been made