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About Business and Its Environment - New Bus 001 Jupeb Study Modules-Sept. Revised
This document provides an introduction to the study of business and its environment. It includes definitions of business that emphasize key elements like effectiveness, efficiency, resources, competitive environment, and profit. It discusses the nature of business activities, noting that businesses deal in goods and services, involve production and exchange, require regularity and continuity, carry uncertainty or risk, and are motivated by profit. It also introduces the concept of added value, which from an economic perspective refers to the utility or satisfaction derived from consuming a good or service.
Detailed Information
Author: | ['Alege Adegoke'] |
---|---|
Publication Year: | 2023 |
Pages: | 110 |
Language: | English |
Format: | |
Price: | FREE |
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