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201 Key Terms

Buisness Essentials

QuestionAnswer
Brick and Mortar a business out of a physical facility(instead of online)
builders a type of producer that constructs roads, bridges, buildings, houses, etc.
E- tailers retailers who operate solely online
Manufacturer a type of producer that changes the shapes or forms of material so that they will be useful to consumers
raw- goods producer a type of producer that provides goods in their natural state
retailer 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 users
social responsibility the duty or 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: cassie.d138
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