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IB Economics SL: Microeconomics

Han Zhang

1.1.- An Introduction to Business Management

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Homework

Mind Map by Mario Lascano, updated more than 1 year ago

	Created by Mario Lascano about 7 years ago

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1.1.- An Introduction to Business Management

The Role of Business
1. Raw Material
  1. Wants and Needs
    1. Added Value
      1. Production Process
        Resource Inputs
        Product output
Business Function
1. Finance and Accounts
  1. HR: Human Resources
    1. Marketing
      1. Operations Management or Production
Sectors of Business Activity
1. Sectors of Business Activity
  1. Goods: Primary - Secondary
    1. Services: Tertiary - Quaternary
      1. Horizontal Growth - Vertical Growth
Reasons for Starting a Business
The Process of Starting a Business
Definitions: Entrepreneurship and Intrapreneurship
Sectoral Change
1. Less developed Economy
  1. Developing middle incomes economies
    1. Developing High incomes economies

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