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201 key term
Business essentials
Question | Answer |
---|---|
Brick and mortar | A business that operates out of a physical facility(instead of online) |
Builder | A type of producer that constructs roads, bridges, buildings, houses, ect. |
E-trailers | 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 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 sales and sells them to the ultimate consumer. |
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. |