What is a Business?

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What is a business?
an organisation that provides goods and services
1 of 5
What is a good?
a physical or tangable product
2 of 5
what is a service?
an intangable product
3 of 5
what do businesses do?
they take resource inputs and transform them into goods and services
4 of 5
What does the transformation process do?
describes what happens inside the business
5 of 5

Other cards in this set

Card 2

Front

What is a good?

Back

a physical or tangable product

Card 3

Front

what is a service?

Back

Preview of the front of card 3

Card 4

Front

what do businesses do?

Back

Preview of the front of card 4

Card 5

Front

What does the transformation process do?

Back

Preview of the front of card 5

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