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2.01 Business & Soc

Business Essentials

TermDefinition
Brick and mortar A business that operates out of a physical facility ( instead of online)
Builders A type of producer that constructs road, 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 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 Business that buy and sell goods to others; retailers and wholesalers
Wholesalers Intermediaries who help move goods between producers and retailers by buying good from producers and selling them to retailers
Created by: devin.d695
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