Chapter 4 Business in the Free Enterprise

Business that sells primarily to other businesses.

• Business-to-Customer

• Business-to-Business

Legal responsibility.

• Liability

• Intermediary

• Corporation

Portion of a corporation’s earnings distributed to stockholders.

• Interest

• Profit

• Dividend

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

• Intermediary

• Extractor

Business that is owned and often operated by a single individual.

• Partnership

• Proprietorship

• Corporation

Business that uses supplies from other producers to make products.

• Extractor

• Manufacturer

• Cooperative

Nonprofit organization that may be either public or private.

• Institution

• Cooperative

Business or person that takes natural resources from the land.

• Organic

• Naturalist

• Human Resources

• Extractor

Business that creates goods and services.

• Intermediary

• Producer

Business that creates goods and services.

• Intermediary

• Producer