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2.01 key terms
Business Essentials
| 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, buildings, bridges, etc. |
| E-tailors | retailors that work solely online |
| Manufacturer | a type of producer that changes the shapes or forms of materials so that they will be useful too customers |
| producers | the people who make or provide goods and services |
| raw-goods producer | a type of producer that provides goods in their natural state |
| retailor | 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 that satisfy the needs and wants of consumers or industrial workers |
| trade industries | businesses that buy and sell goods to others; retailors and wholesalers |
| wholesalers | intermediaries who help move goods between producers and retailors by buying goods from producers and selling them to retailors |
Created by:
alexander.s132
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