
Students' Guide to Business Computing
here too you are part of a long chain of activities; from coal mining or
oil extraction, through to the chemical processes which produce
polystyrene cartons, and to the final waste disposal in large
incinerators or municipal tips.
The purpose of business is to enable the final consumer of goods and
services to satisfy his wants. As Adam Smith, one of the founding
fathers of modern economic thought wrote over two hundred years
ago 'The sole end of production is consumption.' In other words,
there is no point in producing anything for which there is no
consumer demand.
Of course, the consumer is not the onl ...