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201 Key Term

Business Essentials

QuestionAnswer
Brick and Mortar A business that operates out of a physical facility (instead of online).
Builders A type of producer that constructs roads, 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 or services and sells them to the ultimate consumer.
Retailer A business that buys consumer goods or services and sells them to the ultimate consumer.
Service Business A type of business that preforms 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 Business 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: Jaeylenr
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