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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, bridges, buildings, houses , etc.
E-tailers Retailers who operates 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
Retailer A business that buys consumer goods or services and sell them to the unlimited consumer
Service business A type of business that performs intangible activities that satisfy the needs and wants to consumers or industrial users
Social responsibility The duty of business to contribute to well-being of society
trade industries Business that buy nd 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: valencia.r255
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