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    What Businesses Do Copyright 2005 - Biz / ed What Businesses Do Meet the needs of stakeholders Buy inputs - raw materials, labour, machinery and equipment, land Produce outputs - goods and services Focus on efficient use of resources Generate profit / surplus

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    What Businesses Do Copyright 2005 - Biz / ed What Businesses Do Meet the needs of stakeholders Buy inputs - raw materials, labour, machinery and equipment, land Produce outputs - goods and services Focus on efficient use of resources Generate profit / surplus

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
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    58 views4 pages

    Intro Business

    Uploaded by

    api-3728539
    What Businesses Do Copyright 2005 - Biz / ed What Businesses Do Meet the needs of stakeholders Buy inputs - raw materials, labour, machinery and equipment, land Produce outputs - goods and services Focus on efficient use of resources Generate profit / surplus

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    http://www.bized.ac.

    uk

    What Businesses Do

    Copyright 2005 – Biz/ed


    http://www.bized.ac.uk

    What Businesses Do
    • Meet the needs of stakeholders
    • Buy inputs – raw materials, labour,
    machinery and equipment, land
    • Produce outputs – goods and
    services
    • Focus on efficient use of resources
    • Generate profit/surplus

    Copyright 2005 – Biz/ed


    http://www.bized.ac.uk

    What Businesses Do
    • Who are the stakeholders? – Anyone
    who has an interest in the success of a
    business
    • Customers
    • Managers
    • Employees
    • Owners
    • Local Community/Environment
    • Suppliers
    • Government
    • Creditors
    Copyright 2005 – Biz/ed
    http://www.bized.ac.uk

    What Businesses Do
    Take Inputs Process/Manufacture Output

    Costs – Fixed and Variable Revenue

    Profit

    Copyright 2005 – Biz/ed

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