Practicing Success
What are the various resources that a business enterprise assembles from its environment? |
Goods and services Inputs, such as finance, machines, raw materials, power and water, labour, etc. Taxes and returns on financial investment Outputs for customers and suppliers |
Inputs, such as finance, machines, raw materials, power and water, labour, etc. |
Environment is a source of various resources for running a business. To engage in any type of activity, a business enterprise assembles various resources called inputs like finance, machines, raw materials, power and water, labour, etc., from its environment including financiers, government and suppliers. |