Goods and services are distinct from one another. Goods are typically tangible (although not always, as with digital downloadable products) and services are intangible (because they are duties performed, not things made). […]
A business as a provision for others
For some, the reason for starting a business is to improve the lives or welfare of others in their community or society at large. Whilst still profitable, the primary aim goes beyond commercialism or financial gain. […]
Fulfilling commercial opportunity
Commercialisation (or, fulfilling a commercial opportunity) is the process of developing a market research idea into a product or service and introducing it to the market. […]
Distribution of products
Distributing products involves physically making them available to customers when they are needed. […]
The supplying of a service
Supplying a service involves fulfilling a commercially obligated duty, task or act. […]
The production of goods
Otherwise known as manufacture, the production of goods involves… […]