Introduction to Business Functions of a business Roles of the state Stakeholders definition Non-Durable products 0.0 / 5 ? Business StudiesKey TermsASOCR Created by: MillieCreated on: 29-09-13 14:34 What are the functions of a business? Marketing, Finance, Production, Human Resources. 1 of 7 Definition of a Stakeholder: Somebody who has an interest in a business. 2 of 7 Non-Durable goods Products that cannot be used more than once. 3 of 7 Durable goods Products that can be used more than once. 4 of 7 What is the role of the state? Consumer, Supplier, Economic Regulator, Legal Regulator. 5 of 7 What are the four factors of production? (Inputs) Land, Labour, Capital/Machinery, Enterprise. 6 of 7 What are the other functions of a business? Business as an employer, a source of revenue (income), helping the balance of payments. 7 of 7
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