Why business exist? (1.1.1) 0.0 / 5 ? Business StudiesWhy business exist? (1.1.1)ASAQA Created by: lee42Created on: 23-05-19 09:47 What is the purpose of a business? business supply goods and services to consumers and businesses 1 of 7 What is the transformation process? It is when business convert inputs into outputs to satisfy the needs and wants of other consumers/business 2 of 7 What is a B2C? It is when businesses sell their goods and services directly to conusmers and businesses 3 of 7 WHat is B2B? It is when businesses sell their goods and services to other businesses 4 of 7 What is a primary sector? When business extract or grow raw materials like fishing 5 of 7 What is a secondary business? It is when they manufacture goods using raw materials like mobilephones 6 of 7 WHat is a teritiary business? Providing services like hotels/cinemas 7 of 7
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