- Business is all of the activities involved in producing and marketing goods and services.
- Two Primary functions functions of business are production and marketing of the goods and services.
- The four ways business can be categorized: Large vs. Small, Domestic vs. Global, Profit vs. Nonprofit, and Public vs. Private.
- The significance of eCommerce is the buying and selling of goods through the internet.
- Someone would want to start a small business because it would only be operated by a few people therefore the company would not have to pay a lot of employees and they would make more of a profit. The success small businesses get is that they usually start from a website on the internet and they are private sector businesses.
Tuesday, October 18, 2016
Five Questions
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