Response to the following questions:
1. Both KIA and Porsche produce and sell automobiles. Describe and contrast the business emphasis of KIA and Porsche.
2. What is the difference between a manufacturing business and a merchandising business? Give an example of each type of business.
3. What is the difference between a manufacturing business and a service business? Is a restaurant a manufacturing business, a service business, or both?
4. Why are most large companies like Microsoft, Pepsi, Caterpillar, and AutoZone organized as corporations?