Business In The Real World Flashcards

1
Q

Definition of capital

A

Capital is the money used to build, run, or grow a business.

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2
Q

Tertiary

A

The selling stage of a business

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3
Q

Secondary

A

The manufacturing stage

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4
Q

Product

A

an article or substance that is manufactured or refined for sale.

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5
Q

Primary

A

Mining and quarrying.
Fishing.
Agriculture.
Forestry.

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6
Q

Product service

A

when a firm offers a mix of both products and services

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