Why business exist? (1.1.1)

  • Created by: lee42
  • Created on: 23-05-19 09:47
What is the purpose of a business?
business supply goods and services to consumers and businesses
1 of 7
What is the transformation process?
It is when business convert inputs into outputs to satisfy the needs and wants of other consumers/business
2 of 7
What is a B2C?
It is when businesses sell their goods and services directly to conusmers and businesses
3 of 7
WHat is B2B?
It is when businesses sell their goods and services to other businesses
4 of 7
What is a primary sector?
When business extract or grow raw materials like fishing
5 of 7
What is a secondary business?
It is when they manufacture goods using raw materials like mobilephones
6 of 7
WHat is a teritiary business?
Providing services like hotels/cinemas
7 of 7

Other cards in this set

Card 2

Front

What is the transformation process?

Back

It is when business convert inputs into outputs to satisfy the needs and wants of other consumers/business

Card 3

Front

What is a B2C?

Back

Preview of the front of card 3

Card 4

Front

WHat is B2B?

Back

Preview of the front of card 4

Card 5

Front

What is a primary sector?

Back

Preview of the front of card 5
View more cards

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all Why business exist? (1.1.1) resources »