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Business HL, Apple - Coggle Diagram
Business HL
CUEGIS Concepts
Globalisation
Ethics
Culture
Innovation
Change
Strategy
Balanced + Reasoned Argument
Reasoned Argument: points or evidence that are reliable
Balanced: equal sides or perspectives
Unit 1: Business organization and enviroment
1.1 Introduction to business management
Factor of production
Labour
Physical human effort
Capital
Non-natiral resources used to further the production process such as machinery, tools, buildings, vehicles
Land
Natural resources such as wood, ores, fish
Enterprise
An individuak with the neccessary skills and ability to take risks in organizing the other factors of production to generate output in the most profitable way.
Production process (add value)
VALUE ADDED is the process of creating a product that worth more than the cost.
Add value to a good or service so that the product can meets the needs and wants better for their customers.
value added is measured as the difference between the cost of the inputs in the production process and the price of the final output.
Human resources
Marketing
Finance and accounts
Operating
Apple