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201 key terms
Business Essentials
| Term | Definition |
|---|---|
| brick and mortar | a business that operates out 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 shape or forms of materials so that they will be useful to consumer |
| producers | the people who make or provide goods and services |
| raw-good 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 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:
yeraldin.c613
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