Business and Social Responsibility Questions

5.1 Assessment

1. A business is an organization involved in producing and marketing goods and services. A business may also be a company.
2. Two primary functions of a business are producing and marketing goods and services,
3. Businesses can be categorized by size, by profit orientation (nonprofit or for profit), by market served (consumer or industrial), and the types of products provided (goods, services, etc).
4. E-Commerce is significant because it gives businesses another way to market and sell their goods and services. It opens up a wider range of consumers and allows for people to easily access information or products.