Lesson 5.2 Review

Front

A business that sells its products only in its own country and opportunities for growth are limited since products are sold in one country

Back

Domestic Business

Front

A business that sells its products in more than one country

Back

Global Business

Front

A business that seeks to make a profit from its operations.

Back

For-Profit Businesses

Front

A group that functions like a business but uses the money it makes to fund the cause identified in its charter.

Back

Nonprofit Business

Front

Government-financed agencies like schools, libraries, Social Security and Medicare, and the military

Back

Public Sectors

Front

A group of businesses that mostly make or sell the same products or services

Back

Industry

Front

Demand in the organizational market that is based on the demand for consumer goods and services.

Back

Derived Demand

Front

A business that obtains goods from manufacturers and resells them to organizational users, and retailers, also called distributors.

Back

Wholesalers

Front

The process of creating, growing, manufacturing, or improving on goods and services.

Back

Production

Front

Buying and reselling goods that have already been made

Back

Procurement