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IGBizStudies
- Jun 13, 2021
- 1 min
Identify 2 ways of increasing added value
Oct/Nov 2019 Version 13 - 1(b)
650
IGBizStudies
- May 1, 2021
- 1 min
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
3590
IGBizStudies
- Apr 27, 2021
- 1 min
What is value added?
The difference between the product price and cost of materials or resources used to produce it.
1550
IGBizStudies
- Apr 27, 2021
- 2 min
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...
880