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Business Organization - Coggle Diagram
Business Organization
1.1 Intro to BMS
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business sector
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primary
involved with
the extraction, harvesting and conversion of natural resources,
quarternary
involved in intellectual, knowledge based
activities that generate and share information.
secondary
involved
in the manufacturing or construction of products,
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role of business
needs: basic necessities that a person must have to survive (food, water)
Product
goods: physical produces (cars, books)
services: intangible products (haircut, health care)
Business: decision-making organization involved in the process of using inputs to produce goods or to provide services
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