1. What is the difference between marketing and merchandising? How
does each of these concepts fulfill a different function in the business
world? Explain and provide a real-world example of each.

2. Identify and briefly describe each of the major fields of business
activity (extractive, subcontracting, manufacturing, wholesaling,
retailing, services, cottage industries, and urban street sales) and
offer an example of a business that would fall into each field.

He taylor company sells music systems. each music system costs the company $100 and will be sold to the public for $250. in year one, the company sells 100 gift cards to customers for $250 each ($25,000 in total). these cards are valid for just one year, and company officials expect them to all be redeemed. in year two, only 96 of the cards are returned. what amount of net income does the company report for year two in connection with these cards? a. $15,000b. $15,400c. $15,500d. $15,800

(select all that apply) examples of email use that could be considered unethical include denying receiving an e-mail requesting that you work late forwarding a chain letter asking for donations to a good cause sending a quick message to your friend about last weekend sending your boss the monthly sales figures in an attachment setting up a meeting with your co-worker sharing a funny joke with other employees

Circumstances under which pro-forma invoice may be used