Section 1 1-1
Section 2 1-2
Section 3 1-3
Section 4 1-4
Chapter 1 Vocabulary
100
the creation and maintenance of satisfying exchange relationships.
What is Marketing
100
means you do not rely on others for the things you need to survive.
What is self-sufficient
100
a system of batering was developed so that people could exchange with others to obtain the things they needed.
What is bartering
100
concentrating on one thing or a few related activities so that they can be done.
What is specialization of labor?
100
it established the use of currency as a recognized medium of exchange.
What is money system?
200
is a location where people bring products to be conveniently exchange.
What is central market?
200
the function that creates or obtains products or services for sale.
What is production?
200
offering products produced or manufactured by others for sale to customers.
What is merchandising?
200
The function plans and manages financial resources and maintains records and information related to a business's finances.
What is accounting and finance?
200
The ongoing activities designed to support the primary function of a business and keep it operating effciently.
What is operations?
300
The function taht involves developing , implementing , and evaluating the plans and activities of a business.
What is management?
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