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Name and describe three facets of modern business that have their origins in trade practices during the Middle Ages.
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Respuesta :

Answer: Capitalism, Marketing, and Production/Consumption

Explanation: Capitalism means an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state. Marketing means the action or business of promoting and selling products or services, including market research and advertising. And Production/Consumption means the action of making or manufacturing from components or raw materials, or the process of being so manufactured. Hope this helps :)

Answer:

The three aspects of modern business that have their roots in Middle Ages commercial activities are:

  1. Capitalism
  2. Marketing
  3. Production and Consumption

Explanation:

Capitalism:

  • It is an economic system in which private firms in a country, rather than the people who provide a labor force to those enterprises, control and regulate the country's industries, trade, and earnings.
  • Capitalism began in the 16th century after the British systems had collapsed as a result of the Black Death.

Marketing:

  • The management process by which goods and services travel from the product to the customers is referred to as marketing.
  • Marketing entails the synchronization of four elements:
  1. Product development,
  2. Pricing decision,
  3. Channel selection for distribution and reaching consumers, and
  4. The planning and execution of a marketing campaign.

Consumption and Production:

  • Production refers to the process through which a company converts raw materials into finished goods after going through numerous stages of production.
  • The firm's production factors should be sufficient to help it grow output.
  • The process through which customers purchase products and services from the market is referred to as consumption.
  • Consumers typically purchase a package of goods in order to increase their degree of enjoyment.

For more information, refer to the link:

https://brainly.com/question/2203819?referrer=searchResults

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