PART 4 Flashcards
This business sector involves with farming and farming-related commercial activities like ranching, piggery and poultry.
Agricultural Business
It offers intangible products like financing services that being offer in the banks and other financing firms
Service
Refers to any industry that produces products from raw materials by the use of human labor or machinery and that is normally carried out orderly with division of work.
Manufacturing
has been defined as the science and art of producing livestock and cultivating plants
Agriculture
Includes the sale of merchandise from a one point of purchase directly to a consumer who tends to utilize that product.
Retail
TRUE OR FALSE: The retail activity is at the middle point of the chain.
FALSE (LAST)
It is an industry that produces value that is primarily intangible such as advice, consultation, customer service, knowledge, management, data and experiences
Service Industry
Common Examples of Service Industries
- Hospitality
- Transportation
- Media/Entertainment
- Healthcare
- Finance
The processing of raw materials into finished goods through the use of equipment, tools, and processes.
Manufacturing
The exchange of services and goods from one country to another.
International Trade
It gives consumers and countries the chance to be exposed to goods and services that cannot be found to their own countries.
Trading
A good or service that brought from the other countries
Import
The word “import” comes from the word _____ since goods are often travelled via ships or boats to foreign countries.
Port
Goods and services made in one country and sold to buyers in another.
Exports
TRUE OR FALSE : Exporting is done on a huge scale
TRUE
