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2.01 Business & Soci

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 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 be useful to consumers
Raw-good producer A type of producer that provides good in their natural state
Retailer A business that buys consumer good or services an 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 Businesses that buy and sell goods to to others; retailers and wholesalers
Wholesalers Intermediaries who help move goods between producers and retailers by buying goods from producers and selling them to retailers
Created by: user-1914356
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