Nature of business complete

By Joseph · From Macquarie Grammar School · In 2019
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23 pages

this pdf includes: A business is the organized effort of individuals to produce and sell products that satisfy the needs and wants of people Role of business The role of a business is to produce and sell goods and services in order to satisfy the needs and wants of individuals, with the aim of making a profit. Businesses provide employment, pay taxes, and improve quality of life ● Nature of a business - producing goods and services ● Product – good or service that can be sold or bought ● Goods – items that can be seen or touched ● Services – things done for you by others

Added July 2022