Business Activity

The big letter P in business

• Price

• Program

• Process

• Product

The abbreviation that defines business

• ROI

• PDC

• 3Ps

• SDG

Non-tangible product

• Goods

• Needs

• Services

• Wants

The letter D in the abbreviation of Business meaning is:

• Distribution

• Determination

• Develop

• Decision

These are products that are essential for living

• Wants

• Goods

• Services

• Needs

Products that are not essential for living

• Wants

• Goods

• Services

• Needs

Factors of Production

• Land, Labour, Capital and Entertainment

• Land, Labour, Capital and Enterprise

• Land, Live, Capital and Enterprise

• Land, Workers, Capital and Enterpreneur

This occurs when people and businesses concentrate on what they are best at

• Mastery

• Specialisation

• Expertise

• Focus