Transforming Resources into Goods and Services

Today I reviewed some stuff of "Transforming Resources into Goods and Services" so I think I need remember them so for this reason I am going to write them down my blog.

INPUT is a resources that contributes to the production.It's include : Land Labour Capital Enterprise

OUTPUT is a result of the transformation of inputs . It include : Natural resources Semi-finished goods (半成品哦）Finished goods Services

Production is a process whereby inputs are transformed into outputs.
-Primary production is the extraction of resources at the first stage of production .You can say it is agriculture .
-Secondary production is the transformation of resources to produce semifinished goods.It's a industry.
-Tertiary production is provides services.
-Quaternary production is the transformation of information.

And then adding value --- Adding value is the difference in value between the selling price and the production cost.

ways to add value :
*Advertising
*Branding
*produce features
*Location
*Personal service

The benefit of adding value:
*Able to change a higher price
*Can make differentiation from the competition
*Make the product demand turn to inelastic


ok That's all... ^-^