Unit 1 - Business Activity and Influences on Business ( What is Business Activity) Flashcards
1
Q
Business Activity
A
An organisation that provides goods and services. Features of Business Activity:
1. Business Activity produces an output, good or a service.
2. Goods and Services are consumed.
3. Resources are used.
4. Number of business functions are carried out - Production, Marketing, Human Resources and Financial Control
5. External factors affect business - things that they cannot control that have an impact on the business.
6. Businesses aim to make a profit.
