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1. Man - The human resources that are required to perform duties.

2. Material - The raw materials and services required

3. Machine - The technology required to produce goods or generate services.

4. Money - Includes the finances required to operate a business; includes investments, assets, working capital etc

5. Method - Procedures and instructions that guide actions

6. Moral Values - Ideals used to conduct business fairly; take into consideration the well-being of the stakeholders balanced with the drive to generate profits.

7. Management - Planning, controlling, leading, organizing, decision making body to govern the business.

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