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2.01Business&Society

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 operates solely online
Manufacture A type of producer that changes the shape or forms of materials so that they will be useful to consumers
Producers The people who make or provides good and services
raw-good producer A type of producer that provides goods in their natural state
retailer A business that buys consumer good and services and sells them to the ultimate buyer
Service business A type of business that performs intangible activates 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 industry Business that buy and sell goods to others; retailers and wholesalers
Wholesalers Intermediaries who help move goods between producers and retailers by buying goods form producers and selling them to retailers
Created by: Kevin.z139
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