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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 road, bridge, building, houses, etc. |
| E-tailer | Retailers who operates solely online |
| manufacturer | a type of producer that changes the shapes of forms of materials so that they will be useful to consumers |
| producers | the people who make or provides good and services |
| raw-goods producer | A type of producer that provides goods in their natural states |
| 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 that needs and wants of consumer 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; retailer and wholesalers |
| wholesalers | intermediaries who help moves goods between producers and retailers by buying goods from producers and selling them to retailers |
Created by:
orlando.646
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