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201 Key Term

Business Essential

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 houses ect.
E- tailers Retailers who operate solely online
Manufacturer A type of produce that changes the shape or forms of materials so that they will be useful to consumers
Producer The people who make a provide goods and services
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 They 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: jose.b629
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