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2.01A key terms

2.021 key terms

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, buidings, houses, etc.
Consumers People use goods and services to satisfy their wants.
Etailers Retailers who operate solely online.
Manufacturer A type of producer that changes the shapes of forms of material so that they will be useful to consumers.
Producers The people who provide goods and services.
Raw-good- 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 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 to retailers.
Economic needs spending money to satisfy a need.
Created by: gisela.f538
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