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201

business essentials

TermDefinition
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, houses, etc.
Consumers: People who use goods and services to satisfy their wants
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
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 Intermediaries who help move goods between producers and retailers by buying goods from producers and selling them to retailers
Created by: jayr.074
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