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2.01A

key terms

TermDefinition
Brick & Mortar A business that operates out of a physical facility (instead of online)
Builders A type of producer that conducts roads, bridges, buildings, houses, etc.
Consumers People who use goods & services to satisfy their wants
E- tailer Retailers who operate solely online
Producers The people who make or provide goods & services
Raw- goods Producer A type of producer that provides goods in their natural state
Retailer A business that buys consumer goods or services & sells them to the ultimate customer
Service Business A type of business that performs intangible activities that satisfy the needs & wants of consumers of industrial users
Social Responsibility The duty of business to contribute to the well-being of society
Trade Industries Businesses that buy & sell goods to others; retailers & wholesalers
Wholesalers Intermediaries who help move goods between producers & retailers by buying goods from producers & selling them to retailers
Created by: destiny.s904
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