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2.01A key terms
2.021 key terms
| Term | Definition |
|---|---|
| Brick and Mortar | A business that operates out of a physical facility( instead of online) |
| Builders | A type of producer that constructs roads, bridges, buidings, houses, etc. |
| Consumers | People use goods and services to satisfy their wants. |
| Etailers | Retailers who operate solely online. |
| Manufacturer | A type of producer that changes the shapes of forms of material so that they will be useful to consumers. |
| Producers | The people who provide goods and services. |
| Raw-good- producer | A type of producer that provides goods in their natural state. |
| Retailer | A business that buys consumer goods or services and sells them to the ultimate consumer. |
| Service Business | A type of business that performs intangible activities satisfy the needs and wants of consumers or industrial users. |
| Social Responsibility | The duty of business to contribute to the well-being of society. |
| Trade industries | Businesses that buy and sell goods to others; retailers and wholesalers. |
| Wholesalers | Intermediaries who help move goods between producers and retailers by buying goods from producers and selling them to retailers. |
| Economic needs | spending money to satisfy a need. |
Created by:
gisela.f538
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