A short history of business

How long have people been thinking of business?

• From the beginning when people started producing more than they could use.

• From the beginning that goods and services began to be traded in early civilizations.

• From the beginning when people started using fire.

• From the beginning that goods and services were considered valuable commodities.

When did the term ‘manager’ and ‘management’ appear?

• in the early 16th century

• in the late 16th century

• in the early 17th century

• in the late 17th century

What helped businesses grow in the mid-1800s?

• industrialization

• mass production

• railroads

• assembly lines

What was the original focus of managers on?

• people

• placement

• price

• production

When did people recognize the value of human relations?

• in the 1920s

• in the 1930s

• in the 1940s

• in the 1950s

What influence did mass media have on businesses?

• It provided a platform for mass consumption.

• It provided a platform for marketing.

• It provided a platform for new inventions.

• It provided a platform for new technologies.

What happened in 1990-2000 and how did it affect businesses?

• There was a severe recession and many people lost their jobs.

• The climate changed and businesses focused more on sustainability.

• There was a shortage of gold so prices increased.

• The Internet grew, which led to an explosion of new businesses.

What happened in 2007-08 and how did it affect businesses?

• There was a global recession, which caused uncertainty.

• There was global growth, which helped companies expand.

• There was a lack of trust in corporations.

• There was improved technology, which helped businesses.

What is business, according to the text, at its core about?

• survival of the fittest

• service orientation

• sustainability

• survival and surplus