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201 Key Term

Business Essentials

QuestionAnswer
Brick and mortar A business that operates out of a physical facility (instead of online)
Builders A type of producer that constructs roads, bridges, buildings, house, etc.
E-tailers Retailers who operate soley online
Manufacturer A type of producer that changes the shpe or form of materials so that they will be careful 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 good or services and sells them to the ultimate
Service business A type of business that performs intangible activites that satisfly that needs and wants of consumers or industrial users
Social responsibility The duty of business to contribute to the well-bieng of society
Trade industries Businesses that buy and sell goods to others retailers and wholesalers
Wholesalers Intermediaries who help mov goods between producers and retailers by buying goods from producers and selling them to retailers
Created by: Sandirr
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