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BE obj 2.01
Business & Society
| Term | Definition |
|---|---|
| Brick and mortar | A buisness that operates out of a physical facility |
| Builders | A type of producer that constructs roads bridges buildings houses etc |
| E-tailers | Retailers who operate solely online |
| Manufacturer | a person or company that creates goods, often in large quantities and using machinery, transforming raw materials or components into finished products for sale |
| Producers | individuals who finance, organize, and supervise creative or commercial projects |
| Raw goods producers | companies or entities, such as farms, mines, and lumber operations, that extract or cultivate natural resources in their basic, unprocessed state for use in other industries, particularly manufacturing. |
| Retailer | purchases goods in large quantities from manufacturers |
| Service buisness | provides intangible products, offering customers experiences, expertise, or assistance rather than physical goods. |
| Social Responsibility | Social responsibility is an ethical framework where individuals, organizations, and governments are accountable for fulfilling their civic duty and acting in a way that benefits all of society |
| trade industries | industries that trade goods and services in the economy, encompassing sectors like manufacturing, agriculture, retail, and services such as finance and tourism |
| Wholesalers | intermediaries who purchase large quantities of goods directly from manufacturers at a discounted price and then sell them to retailers or other businesses at a markup, rather than to the end consumer |
Created by:
user-1964950
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