4.1 Private Sector Businesses

Organization that generates revenue for the owners.

• government

• for-profit business

• non-profit business

• consumer market

An organization that exists to serve some public purpose.

• government

• for-profit business

• non-profit business

• consumer market

Business that creates goods and services

• producer

• extractor

• intermediary

• wholesaler

Business or person that takes natural resources from the land.

• producer

• intermediary

• manufacturer

• extractor

Business that uses supplies from other producers to make products.

• producer

• intermediary

• manufacturer

• wholesaler

Person or business that sells the goods and services from producers to customers.

• producer

• intermediary

• wholesaler

• retailer

Business that purchases large quantities of products directly from producers and sells the products in smaller quantities to retailers. Also known as a distributor

• service business

• extractor

• manufacturer

• wholesaler

Business that buys products from distributors or directly from producers, and sells them to consumers to make a profit.

• producer

• retailer

• intermediary

• extractor

Business that earns profits by providing consumers with services that meet their needs and wants

• service business

• governments

• non-profits

• business market

Consists of customers who buy products for their own use.

• B2C

• B2B

• business market

• consumer market