Transforming resources

Description

Business Unit 1 Mind Map on Transforming resources, created by Charlotte Webber on 16/05/2013.
Charlotte Webber
Mind Map by Charlotte Webber, updated more than 1 year ago
Charlotte Webber
Created by Charlotte Webber over 11 years ago
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Resource summary

Transforming resources
  1. Inputs
    1. Land
      1. Labour
        1. Capital
          1. Enterprise
          2. Outputs
            1. Primary sector
              1. extraction of natural materials
              2. Secondary sector
                1. Production of finished goods
                2. Tertiary
                  1. Providing service to consumer/business
                  2. Quaternary
                    1. Providing information & ICT
                  3. Adding Value- difference between the price of the finished product/service and the cost of the inputs involved in making it
                    1. Add Value
                      1. Build a brand
                        1. Deliver great customer service
                          1. Features customers want
                            1. Operate efficiently
                            2. Benefits to adding value...
                              1. Charge higher price
                                1. Securing business from other competitors
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