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201 Key Term
Business Essentials
| Question | Answer |
|---|---|
| Brick and Mortar | A business that operates out of a physical facility (instead of online). |
| Builders | A type of producer that constructs roads, buildings, houses, etc. |
| 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 or services and sells them to the ultimate consumer. |
| Retailer | A business that buys consumer goods or services and sells them to the ultimate consumer. |
| Service Business | A type of business that preforms 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 | Business 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:
Jaeylenr
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