Definitions of Terms

Business activities - activity a business engages in for the primary purpose of

making a profit. This is a general term that encompasses all the economic activities
carried out by a company during the course of business.
Business - an organization or enterprising entity engaged in commercial,
industrial, or professional activities. The purpose of a business is to organize some
sort of economic production (of goods or services). Businesses can be for-profit
entities or non-profit organizations fulfilling a charitable mission or furthering a
social cause. Businesses range in scale and scope from sole proprietorships to
large, international corporations.
Company - is a legal entity formed by a group of individuals to engage in and
operate a business—commercial or industrial—enterprise. A company may be
organized in various ways for tax and financial liability purposes depending on the
corporate law of its jurisdiction.
Global Economy - defined as the sum of activities that take place both within a
country and between different countries. Each country is a separate unit, with its
own industrial production, labor market, financial market, resources and
environment. The globalization enabled and enhanced the development of
international trade, finance or migration of labor force, which are the exemplary
areas, where countries need to find common solutions and cooperate with one
another.
Modular Modality – The use of Made by teachers with different tasks and
learning activities based from the essential learning competencies
Face to Face – An Instructional method where course content and learning
material are taught in person to a group of students