BE 2.00 EOC Review

Front

A producer is someone who

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makes things

Front

Farms, mines, and lumber companies are examples of

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raw-goods producers

Front

A company that transforms cotton into wearable clothing is considered a

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manufacturer

Front

Rembert works for a grocery store that buys food from producers and sells it to customers. The grocery store is considered a

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trade industry

Front

The two main divisions of the trade industry are

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wholesalers and retailers

Front

Businesses in trade industries that offer discount prices usually offer

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limited services

Front

Retailing takes place whenever goods are sold to the ultimate consumer.

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sold to the ultimate consumer

Front

What do service businesses sell?

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Intangible activities

Front

A large retailer feels that it has a duty to contribute to the well-being of society, so it donates a portion of its proceeds to a charity that helps the environment. The retailer is demonstrating

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social responsibility

Front

Businesses can show their social responsibility by contributing to: pollution, public interests, private causes, promotion.

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public interests