Dp 2 - Elements

Question 1

Inputs

Answer 1

are the resources used by a business to produce goods and services

Question 2

Input examples

Answer 2

o Labour resources (employees)
o Raw materials (flour, iron)
o Capital resources (equipment and machinery)
o Time
o Utilities (electricity, water, gas)
o Information

Question 3

Processes

Answer 3

actions performed by a business to transform inputs into outputs

Question 4

Processes examples

Answer 4

o Mixing
o Designing
o Baking
o Computing
o Cutting
o Washing
o Assembling
o Constructing

Question 5

Outputs

Answer 5

the final goods or services produced as a result of a business’s operations system that are delivered or provided to customers