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The purpose of business activity

The purpose of business activity

Business activity cycle showing six linked stages: spot customer need or opportunity, buy inputs, add value, sell goods or services, receive revenue, and use feedback to improve

Business activity is the process of using resources to produce and sell goods or services that satisfy customer needs. A business usually works in a cycle: spot a need, buy inputs, add value, sell, then use revenue and feedback to improve.

Enterprise and business activity Lesson

  1. A Level
  2. /Business
  3. /Enterprise and business activity

Step-by-step lessons covering OCR A Level Business Enterprise and business activity for A Level Business. Each lesson works through exam-style questions in Component 01, Component 02 and Component 03 format. Build up your knowledge of the core business functions first, then focus revision time on the strategy and evaluation-heavy topics, since these carry the most marks.

Lessons