business 100 chapter 1 part 3

a system of exchange in which goods are serviced and traded directly from othere goods and/or services without using money

a method of manufacturing in which an entrepeneur distributes raw materials to various homes, where families process them into finished goods to be offered for sale by the merchant entrepeneur

a system of manufacturing in which all the materials, machinary, and workers required to manufacture a product are assembled in one place

the seperation of a manufacturing process into distinct tasks and the assignment of the different tasks to different individuals

the organized effort of individuals to produce and sell through the internet; for a profit, the products and services that satisfy societys needs

meeting the needs of the presentwithout comprimising the ability of future generations to meet their own needs