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Question | Answer |
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BRICK AND MORTAR | A business that operates out of a physical facility (instead then 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 will be useful to consumers |
PRODUCERS | The people who makes or provide goods and services |
RAW-GOODS PRODUCERS | 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 |
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 to retailers |