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2.021 key terms

        Help!  

Term
Definition
Brick and Mortar   A business that operates out of a physical facility( instead of online)  
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Builders   A type of producer that constructs roads, bridges, buidings, houses, etc.  
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Consumers   People use goods and services to satisfy their wants.  
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Etailers   Retailers who operate solely online.  
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Manufacturer   A type of producer that changes the shapes of forms of material so that they will be useful to consumers.  
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Producers   The people who provide goods and services.  
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Raw-good- producer   A type of producer that provides goods in their natural state.  
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Retailer   A business that buys consumer goods or services and sells them to the ultimate consumer.  
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Service Business   A type of business that performs intangible activities satisfy the needs and wants of consumers or industrial users.  
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Social Responsibility   The duty of business to contribute to the well-being of society.  
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Trade industries   Businesses that buy and sell goods to others; retailers and wholesalers.  
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Wholesalers   Intermediaries who help move goods between producers and retailers by buying goods from producers and selling them to retailers.  
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Economic needs   spending money to satisfy a need.  
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