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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

Describe the four resources that must be combined to organize and operate a business.

Summary Introduction

To determine: The four resources that must be combined to supervise and function a business.

Introduction: The term business is defined as the planned exertion of people to manufacture and trade, for revenues, the goods and services that fulfill the requirements of the people. A business must be designed in such a way that it is managed efficiently, gratify the needs and should make profits.

Explanation

The four resources that must be combined to supervise and function a business are as follows:

  • Financial resources: These resources are the cash that are used to pay the workers, buy raw materials, and the financial dealings which are required to operate the business operations...

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