Page 402 - Cambridge IGCSE Business Studies

IGCSE Business Studies Student CD-ROM

Section 1 – Mind maps

1 Business activity

Purpose of business activity

Purpose of
business activity

Meet needs of
customers at a Combine factors of Add value
Add value
production
profit

Needs of consumers

Needs of
consumers

Water Food Clothing Shelter

Factors of production

Factors of
production

Labour − people Capital − tools,
Land − natural
resources available to machinery and Enterprise
work equipment

© Cambridge University Press 2014 IGCSE Business Studies Section 1 – Mind maps 1