Unit 2 Vocab Terms

Front

Brick and mortar

Back

A business that operates out of a physical facility (instead of online).

Front

Builders

Back

A type of producer that constructs roads, bridges, buildings, houses, etc.

Front

Consumers

Back

People who use goods and services to satisfy their wants.

Front

E-tailers

Back

Retailers who operate solely online.

Front

Manufacturer

Back

A type of producer that changes the shapes or forms of materials so that they will be useful to consumers.

Front

Producers

Back

The people who make or provide goods and services.

Front

Raw-goods producer

Back

A type of producer that provides goods in their natural state.

Front

Retailer

Back

A business that buys consumer goods or services and sells them to the ultimate consumer.

Front

Service business

Back

A type of business that performs intangible activities that satisfy the needs and wants of consumers or industrial users.

Front

Social responsibility

Back

The duty of business to contribute to the well-being of society.