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OBJ 2.01

Business Essentials

TermDefinition
Brick and Mortar A business that operates out of a facility
Builders A type of producer that constructs roads, bridges, and buildings, houses,etc
E-trailers Retailers who operate solely online
Manufacture A type of producer that changes or forms of materials so that they will be useful to consumers
Producers Thee people who provide goods and services
Raw-goods producer A type of producer that provides goods in their natural state
Retailer A business that buys consumer good and services and sells them to the ultimate consumer
Service 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 Intermediate who help move goods between producers and retailers by buying good from produces and selling them to retailers
Created by: Pablo-
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