click below
click below
Normal Size Small Size show me how
BE 200
EC-070
Term | Definition |
---|---|
Brick and mortar | a business that operates out of a physical facility9instead of online) |
Builders | a type of producer that conducts roads, bridges, buildings, houses, etc. |
E-tailers | retailers who operate solely online |
Manufacturer | a type of producer that changes the shapes or forms of materials so that they will be useful to consumers |
Producers | the people who make or provide goods and services |
Raw-goods 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 |
Services and business | a type of business that performs intangible activities that 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 to others; retailers and wholesalers goods from producers and selling them to retailers |