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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)
Builder A type of producer that constructs road, bridges, building, houses, etc.
E-tailers Retailers who operate solely online
Manufacture A type of producer that changes the shape
Producers The people who make or provide goods and services
Raw-goods producer A type of producer that provides goods and services in their natural state.
Retailers A business that buys consumer goods or services and sells them to the the ultimate consumer.
Service business A type of business that preforms 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 industry Businesses that buy and sell goods to others; retailers and wholesalers
Wholesalers Intermediaries who hep move goods between producers and selling them to retailers
Created by: lynnthomas
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