What is a Business?

Question 1
What is a business?
Answer
     A business is all of the activities involving in producing and marketing goods and services.

Question 2
What are the two primary functions of businesses?
Answer
     Two primary functions of businesses are the production and the marketing on goods and services.

Question 3
List four ways that businesses can be categorized?
Answer

• by size
• by profit orientation
• by market served
• by kind of product provided 

Question 4
Discuss the significance of e-commerce?
Answer
     The significance of e-commerce is the buying an selling of good through the use of electronic networks.