1. What is a business?
A business is all of the activities involved in producing and marketing goods and services.
2. What are two primary functions of business?
production and marketing of goods and services
3. What are four ways a business can be categorized?
By size, type of product provided, market served, and profit orientation.
4. Discuss the significance of e-commerce
Whole new category of business. Buying and selling of goods through the use of electronic networks, usually the internet.
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