What is one modern definition of business?
How does this modern meaning of business differ from the traditional one?
What factors have brought about these changes?
What does production involve?
What example of distribution is given in the reading?
Can you think of another example?
How do goods differ from services?
In addition to production,distribution,and sale,what other factor is important in defining business?
What is profit? In general,what do companies do with their profits?
Compare you definition of business with the one given in the reading. How are they similar? In what ways does your definition differ from the one preted on the text