Chapter 4 Review

Front

Businesses who sell products to other businesses are part of:

Back

B2B market

Front

Businesses that use raw materials to create goods are called:

Back

manufacturers

Front

Businesses that extract natural resources for use in the creation of goods are called:

Back

extractors

Front

Which of the following is not a sector? secondary, primary, intermediate, tertiary

Back

intermediate

Front

Which of the following is not a type of a retailer? online store, supermarket, industry, department store

Back

industry

Front

Wholesaler

Back

A business that purchases a vast amount of goods from manufacturers to sell them to other businesses.

Front

Define the following key term from this chapter: Producer

Back

A business that supplies a good or service

Front

Define the following key term from this chapter: Private enterprise

Back

A business or industry that is managed by independent companies or private individuals rather than by the state.

Front

Business-to-consumer market

Back

Businesses who sell directly to consumers

Front

Define the following key term from this chapter: Extractor

Back

A business that extracts natural resources from the earth for use in the creation of goods