5.1 Business and Social Responsibility 

Quizlet: https://quizlet.com/160886815/chapter-51-marketing-flash-cards/ 

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

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

3. A business can be categorized in four ways; by size, by profit orientation, by the market served, and by the kind of product provided. 

4. E-commerce  is important because in this day in age, so much stuff is done through electronics and it makes it easier for the customer to purchase the product online instead of going to the store.