what is a business?

What is a business?
An organisation that provides goods and services to customers who want or need them.
1 of 5
What are goods?
Goods are tangible things that are produced,bought or sold, then finally consumed.
2 of 5
What are services?
sevices are activities that other people or businesses do for you.When you book a holiday, visit the hairdress or eat in a restaurant you are consuming one or more services.
3 of 5
Give 3 examples of an input?
labour,eqipment,raw materials,finance or enterprise
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what is secondary data?
Researchdata that already exists and which has been collected for adifferent purpose.
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Other cards in this set

Card 2

Front

What are goods?

Back

Goods are tangible things that are produced,bought or sold, then finally consumed.

Card 3

Front

What are services?

Back

Preview of the front of card 3

Card 4

Front

Give 3 examples of an input?

Back

Preview of the front of card 4

Card 5

Front

what is secondary data?

Back

Preview of the front of card 5

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