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201 key terms
Business Essentials
| Question | Answer |
|---|---|
| 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-tailors | Retailers who operate solely online |
| Manufacturers | 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 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 consumer |
| Service business | a type f 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 | 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:
MadisonTroub
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