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Ec-070 glossary
| Term | Definition |
|---|---|
| Brick and mortar | A business that operates out of a physical facility(instead of online) |
| Builders | A type of producers that constructs |
| E-tailers | Retailers who operate solely online |
| Manufacturer | A type of producers that changes the shapes or forms f materials so that they will be useful to consumers |
| Producers | The people who make or provide goods and services |
| Raw-good producer | A type of producer that provide goods in their natural state |
| Retailer | A business that buys consumer goods and service and sells them to the unlimite consumer |
| service business | A type of business that performs intangible activities that satisfy the needs and wants of consumers and industrial users |
| social responsibility | The duty of business to contribute to the well-being of society |
| Trade industrial | Businesses that buy and sell goods to other; 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:
omart7
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