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Princ. of business

Test 1.

QuestionAnswer
What is business? An organization that produces a good or services for profit.
Two types of businesses Local and Out of town
Three main activities businesses are envolved in? Production, Marketing, Finance
Involves making a product or providing a service. Production
Includes the activities between business and customers involved in buying and selling goods and services Marketing
Deals with all of the money matters involved in running a business Finance
Threee Types of business Industrial, Commercial, and Service
Produces goods used by other businesses or organizations to make things Industrial
Engages in marketing, finance, and in providing services as their primary business Commercial
A type of commmercial business that uses mostly labor to offer intangible products to satisfy customer needs. Service
Wholesalers and retailers are examples of Marketing
Banks and investments companies are examples of Financing
Medical office, fitness centers/gym, hotels and hairstylist are examples of Services
Something entirely new Innovation
Examples of innovation G.P.S , iPad, On Star/Sync, Blue Ray , Flex Fuel/Hybrid Cars, Robotics
Created by: jada.jones
Popular Business sets

 

 



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