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1.1 Introduction
IBBM 1.1 Business Activities
| Question | Answer |
|---|---|
| resource | inputs in a business |
| land | place a business is located |
| labor | people who work in a business |
| capital | money or man made goods used to make money |
| entrepreneurship | quality of a person who begins a business |
| output | the result of the functions of a business - what resources have become |
| waste | one of the results of the functions of a business = the by products |
| Lemon walnut tea bread | |
| 1 loaf or about 24 muffins |