5-1 Assessment 

1) What is a business?

A business is all of the activities involved in producing and marketing goods and services.

2) What are the two primary functions of business?

The two primary functions of business are the production and the marketing of goods and services.


3) List four ways that businesses can be categorized

1. By size 
2. By profit orientation
3. By market served
4. By kind of profit provided

4) Discuss the significance of e-commerce

The significance of e-commerce is the buying and selling of goods online.