Business Characteristics Vocabulary

Front

Producers

Back

businesses which develop products for distribution from raw goods

Front

Raw Goods

Back

materials derived from natural resources

Front

Processors

Back

businesses which change raw goods into a more finished form, known as

Front

Manufacturers: businesses which provide services to consumers and other businesses, developing staff and following laws and proper procedures, businesses which change raw or processed goods into finished goods, needs, guiding products through the product life cycle and understanding

Back

businesses which change raw or processed goods into finished goods

Front

Intermediaries

Back

businesses which move finished goods from one business to another by

Front

Service Firms

Back

businesses which provide services to consumers and other businesses

Front

Non-profit Organizations

Back

businesses which provide goods and services to businesses and individuals.

Front

Human Resources

Back

department responsible for maintaining the employment process, training and

Front

Maslow's Hierarchy of Needs

Back

pyramid expressing the needs of people in levels: basic needs, safety,

Front

Cooperation

Back

process of effectively working together in group settings