Chapter 1 Business & Society

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Producers

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Businesses or individuals that make or provide goods and services. Example: A farmer growing crops or a company producing electronics.

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Raw-Goods Producers

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Businesses that supply natural resources in their original state. Example: A lumber company providing wood or a fishery supplying seafood.

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Manufacturers

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Businesses that transform raw materials into finished products people can use. Example: A clothing company turning cotton into T-shirts.

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Builders

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Businesses or individuals who construct infrastructure and buildings used by society. Example: A company that builds schools, hospitals, or homes.

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Trade Industries

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Businesses that buy and sell goods without changing them. Example: Walmart, Target, or Amazon selling products directly to consumers.

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Retailers

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Trade businesses that sell goods directly to consumers. Example: Grocery stores, clothing shops, and online stores like Amazon.

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Wholesalers

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Trade businesses that sell products to other businesses, sometimes to consumers too. Example: Costco and Sam’s Club sell products in bulk to both consumers and small retailers.

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Service Businesses

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Businesses that provide intangible services instead of physical goods. Example: A salon offering haircuts, a tutoring center, or a hospital.

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Social Responsibility

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A business's duty to contribute to society's well-being while operating profitably. Example: Coca-Cola funding disaster relief efforts or McDonald's supporting Ronald McDonald Houses.

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Public Interests

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Efforts businesses make to support the broader community and environment. Example: Hershey’s Cocoa for Good initiative to support cocoa-growing communities.