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Converts resources into goods or services.
Purchased to satisfy individual needs and wants.
Used to produce other goods and services.
Aimed directly at consumers.
Location for business premises.
Increases efficiency by assigning specific tasks.
Becoming experts and potentially earning more.
Production may be disrupted.
Lower transport costs and quicker order processing.
Longer delivery times and potential language barriers.
Costs incurred during the exchange of goods.
Details the company's name and objectives.
Shares are not sold on the stock market.
A business model allowing operators to trade under a brand.
Accountable to the public and funded by taxes.
Transfer public resources to the private sector.
Buying, storing, selling, and providing credit.
Location where small traders sell goods from stalls.
Limited range and higher prices.
Offer a large range of goods in one location.