TERM 1
Form
DEFINITION 1
Conversion of raw materials into finished goods
TERM 2
Time
DEFINITION 2
Availability of Goods and Services when consumers want
them
TERM 3
Place
DEFINITION 3
Availability of goods and services at convenient locations
TERM 4
Ownership
DEFINITION 4
Ability to transfer title of the goods or services
TERM 5
Production
DEFINITION 5
Prior to 1920'sEfficiency in producing a quality product
