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BE 2.01 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, 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 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 customers or industrial users
social responsibility the duty of a 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
Created by: haiden.b498
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