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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, and houses
E-tailers Retailers who operate solely
Manufacturer A type of producer that changes the shape or forms or materials so that they will be useful to consumers
Producers A grower, provider, or manufacture of goods and services
Raw-goods producers A type of producer that provides goods in their natural state
Retailer a business that buys consumer goods and sells them to ultimate consumers
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 The process or activity of producing goods and services
Wholesalers a business the buys goods from producers and sells them to retailers
Created by: ashlee125
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