Unit 1: The nature of business
, What is business activity?
• Business activity produces an output
• Goods and services are consumed
• Resources are used up
• A number of business functions may be
carried out
• Businesses can be affected by external factors
, What is business activity?
• Business activity produces an output
• Goods and services are consumed
• Resources are used up
• A number of business functions may be
carried out
• Businesses can be affected by external factors
