PRINCIPLES OF BUSINESS

SECTION 1: NATURE OF
BUSINESS
FACILITATOR: KHADINE STERLING-MYERS
SPECIFIC OBJECTIVES:

Define business concepts and

terminologies;
Explain the development of barter;
Describe the role of money
19. ENTREPRENEUR – An
entrepreneur is an individual who
creates a new business, bearing most
of the risks and enjoying most of the
rewards. The process of setting up a
business is known as
entrepreneurship.
20. Business - All the activities concerned with the production and
distribution of goods and services in order to satisfy the needs and wants of consumers.
21. Stakeholder - Any individual, institution, group or agency which has a
vested interest in how well a business performs.
 THE DEVELOPMENT OF BARTER

 LET US WATCH A VIDEO

 https://www.youtube.com/watch?v=YNIAOt7zzmQ
THE DEVELOPMENT OF BARTER
 THE DEVELOPMENT OF
INSTRUMENTS OF EXCHANGE
ROLE OF MONEY
END OF LESSON