The role of businesses in combining resources to create goods & services

IB Business Management: The role of businesses in combining resources to create goods & services

The first section of the IB Business Management syllabus looks at the role of businesses in combining human, physical and financial resources to create goods and services (AO2).A business can be defined as a decision-making organization established to produce goods and/or provide services. Goods are physical products, e.g. food, clothes, furniture, cars and smartphones. Services are intangible products, e.g. haircuts,...


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