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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:
  • Screenshot (344)Products can be presented as shown in the  following flow chart:

Screenshot (345)

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