Business Characteristics Vocabulary Review #1-iCEV

Front

businesses which develop products for distribution from raw goods

Back

producers

Front

materials derived from natural resources

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raw goods

Front

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

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processors

Front

businesses which change raw or processed goods into finished goods

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manufacturers

Front

businesses which move finished goods from one business to another by buying, storing and reselling goods; often referred to as “middlemen”

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intermediaries

Front

businesses which provide services to consumers and other businesses

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service firms

Front

businesses which provide goods and services to businesses and individuals, but operate on donations, volunteers and philanthropists rather than profit

Back

non-profit organizations

Front

department responsible for maintaining the employment process, training and developing staff and following laws and proper procedures

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human resources

Front

A pyramid expressing the needs of people in levels: basic needs, safety, belongingness, love, esteem and self-actualization is Maslow Hierarchy of Needs

Back

True

Front

process of effectively working together in group settings

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cooperation