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BE obj 2.01

Business & Society

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 producers that changes the shapes or forms of materials so that they will be useful to consumers
PRODUCERS The people who make or provide goods and services
RAW-GOODS PRODUCER A type of producer that provides goods in their natural state
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 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 others; retailers and wholesalers
WHOLESALERS Intermediaries who help move goods between producers and retailers by buying goods from producers and selling them retailers
Created by: user-2014723
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