Principles of Business Chapter 4 Vocab

Front

Mason, Olivia, and William plan to start a revenue-generating organization. What type?

Back

for-profit business

Front

Ethan, Olivia, and Oliver plan to start an organization for public service. What type?

Back

a not-for-profit organization

Front

Harper, Emma, and Abigail started a new business. What type of business are they?

Back

Producers

Front

Emma gives a clue: 'I take natural resources from the land.' Who am I?

Back

Extractor

Front

Priya, Avery, and Anika are starting a business using supplies from other producers. What type of business?

Back

Manufacturers

Front

Aiden, Abigail, and Kai sell lemonade but don't make it. What are they called?

Back

intermediaries.

Front

Ava, Aria, and Kai run a business buying in bulk from producers and selling to retailers. What is this business called?

Back

Wholesaler

Front

Maya, Henry, and Emma buy from wholesalers or producers and sell to consumers. What type of business are they?

Back

Retailers

Front

Noah, Lily, and Ava are playing 'Business Tycoon'. Who earns profits by providing services that meet consumer needs?

Back

Service Business

Front

Numeric system for classifying businesses and collecting economic stats?

Back

North American Industry Classification System