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Title: IBDP Business Management Introduction Notes
Description: This is an introduction to the subject business management.
Description: This is an introduction to the subject business management.
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Prepared by Zoya Hassouneh
What is a business organization?
Business organization, an entity formed for the purpose of carrying on commercial
enterprise
...
What are inputs and outputs?
Inputs are the resources invested in accomplishing a task, and typically include time, money,
and effort
...
The output is, obviously, the accomplishment itself
...
Differentiating between goods and services:
Goods are the material items that the customers are ready to purchase for a price
...
Goods are tangible
items i
...
they can be seen or touched whereas services are intangible items
Title: IBDP Business Management Introduction Notes
Description: This is an introduction to the subject business management.
Description: This is an introduction to the subject business management.