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1.1 business activity - Coggle Diagram

- - - - land
        
        land=palce where the business is
        
        the closer the land is to the city the more expensive is
      - labour
        
        some labour parts are scarce
        
        ex: a pilot their work is high skilled because they spend years of training and that work few people are able to do
      - capital
        
        properties, money or goods that business uses to generate income
        
        ex: the building where the business is located
      - enterprise
        
        skills that not many people have but are essential for a businnes
- - - - unique product
      - innovative and effective design making the customers to pay a high price for the product
    - - the better the quality the higher the price
      - with better quality and efficiency the customer will buy more and this adds value to the product
    - - when a business have publicity it will be more known
      - customers will recognize the product and buy it so this also will add value to the product
    - - to produce additional benefit to your product or service