Chapitre 4 Flashcards
1
Q
What inputs means?
A
Inputs are ressources such as energy people and information
2
Q
What outputs means?
A
Come from the initial inputs and are the end result in the form of goods and services
3
Q
What are the factors of production?
A
Natural ressource: agricultural land, woodlands, gas, oil and water
Human ressource: competencies and talents that are performed
Capital: property machinery
Entrepreneurship
4
Q
What’s a strategy ?
A
Is a general direction the company will take in order to meet the demands of their future desired state.
5
Q
What are the five point of success?
A
1- structural change
2- Supply side improvement and demand stimulation
3- Productivity increase
4- Innovation policy
5- Rebalancing geographies
