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B.E 2.01
Unit 2.01 Key Terms
| Term | Definition |
|---|---|
| Brick and Mortar | a business that operates out of a physical facility (instead of online) |
| Builder | type if producer that constructs roads, bridges, buildings, houses, etc. |
| Consumers | people who use goods and services to satisfy their wants |
| E-tailers | retailers who operate solely online |
| Manufacturer | a type of producer that changes the shapes or forms of materials so they will be useful to consumers |
| Producers | people who make or provide goods or services |
| Raw-goods producer | a type of producer that provides goods in their natural state |
| Retailer | a business man that buys consumer goods or services and sells them to the ultimate customer |
| Service Business | type of business that performs intangible activities that satisfy the needs and wants of customers |
| Social Responsibility | the duty of business to contribute the 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 |
Created by:
ashley.g739
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