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2.01 Business & Soci
Business Essentials
| Term | Definition |
|---|---|
| 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, 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 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 an ultimate consumer |
| Service business | A type of business that performs intangible activities that satisfies 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 | Intermediates who help move goods between producers and retailers by buying goods from producers and selling them to retailers |
Created by:
Zaye
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