The purpose of a business

Refers to the document that sets out the business idea, its goals and objectives.

• Deed of Ownership

• Employee contract

• Business plan

• Deed of Incorporation

The people who actually use the product

• Suppliers

• Customers

• Consumers

• Clients

Organizations involved in the production/provisions of goods and services

• Competitors

• Businesses

• Suppliers

• Government

The operators of a organization who manages the factors of productions

• Intrapreneurs

• Entrepreneurs

• Risk takers

• Managers

Refers to both goods and services

• Product

• Tangibles

• Intangibles

• Processes

The people or organizations that purchase the products

• Consumers

• Customers

• Competitors

• Businesses

The basic necessities that a person have for survival

• Sleep

• Needs

• Food

• Goods

Businesses involved in cultivation of extraction of natural resources

• Farming sector

• Primary sector

• Agricultural sector

• Tertiary sector

Refers to a shift in the relative share of GDP that is attributed to each business sector

• Sectoral allocation

• Sectoral change

• Sectoral production

• Sectoral activity

The section of the economy concerned with manufacturing of products

• Primary

• Secondary

• Business

• Marketing