Chapter 1 - Introduction to Business
What is a business?
Changing Business Environment
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Goods and Services
Goods are things that are tangible, which mens that they can be seen or touched
Services are things that are tangible, which means that they cannot be seen or touched
Types of Businesses
Goods-Producing Business
Produce goods that are tangible. It also produce goods with the use of resources such a machines and labour
Services-Providing Business
Perform services when sellers interact with customers. Which also provide services that are not tangible but can be experienced
Example for Goods-Producing
Resources for Business Activities
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Chapter Summary
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