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Input and Output Process
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Topic updated on 02/16/2019 04:22am
A certain product is generated through the input-output process.
The inputs such as land, labour, capital, enterprise, information and time are used for business activities.
Production, Marketing, Finance, Human Resource Management, Administration and Research and Development are the functions of a business.
Products can be classified as good and services.
The process of business can be shown as an input-output process as in the following diagram:
Products can be presented as shown in the following flow chart:
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