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IGBizStudies
Jun 13, 20211 min read
Identify 2 ways of increasing added value
Oct/Nov 2019 Version 13 - 1(b)
850
IGBizStudies
May 1, 20211 min read
What is the purpose of business activity?
To combine and organise scarce productive resources to produce goods and services to fulfil the needs and wants of consumers
4780
IGBizStudies
Apr 27, 20211 min read
What is value added?
The difference between the product price and cost of materials or resources used to produce it.
1980
IGBizStudies
Apr 27, 20212 min read
What is opportunity cost
Opportunity cost happens when we forgo an alternative activity or use of resources to produce goods and services. The benefits from...
1060