Copy and Edit

Managing resources

Description

Making the best of your resources
Time for Business sample
Mind Map by Time for Business sample, updated more than 1 year ago
Time for Business sample
Created by Time for Business sample over 8 years ago
565
1
0

Resource summary

Managing resources
  1. Anything we can use to meet our needs
    1. Needs vs wants
      1. Need = necessary for survival
        1. Want = something we'd like to have
      2. Types of resources
        1. Physical/capital resources
          1. Used to make other resources
          2. Natural resources
            1. Provided by nature
            2. Human resources
              1. Skills, abilities, experiences
              2. Time resources
                1. Financial
                  1. Money available to households
                    1. Being money smart
                      1. Costs
                        1. Financial costs
                          1. Opportunity costs
                          2. Making choices
                      2. Resources are:
                        1. Scarce
                          1. Useful
                            1. Valuable
                            Show full summary Hide full summary

                            Want to create your own Mind Maps for free with GoConqr? Learn more.

                            Similar

                            Business Studies Unit 1
                            emily.mckechnie
                            Business Studies Unit 2
                            tara.springate
                            1.3.1 Characteristics of Successful Entrepreneurs
                            Molly Hills
                            Unit 1: Business Studies GCSE
                            Libby Rose
                            Unit 3 Business Studies
                            Lauren Thrower
                            BUSS1
                            Sophie Davis
                            The skills needed to be a successful entrepreneur
                            rhiannafordx
                            The skills needed to be a successful entrepreneur
                            Rosie Wallis
                            AS - Buss1 - Formula Cards
                            Sophie Davis
                            How to Turn Business Failure into Business Success
                            Micheal Heffernan
                            Chapter 40: Promotion
                            19leesia
                            Browse Library