Intro to Business Ch. 4 Review

An organization that generates revenue

• Not-for-profit
• Producers
• For-profit
• Extractors

An organization that exists to serve some public purpose

• Not-for-profit
• Producers
• For-profit
• Extractors

Governmental organizations

• Public Sector
• Private Sector
• Service Sector
• Retailers

Businesses that create goods and services

• Producers
• Extractors
• Manufacturers
• Farmers

Businesses or people that take natural resources from the land

• Producers
• Extractors
• Manufacturers
• Farmers

Businesses that use supplies from other producers to make products

• Producers
• Extractors
• Manufacturers
• Farmers

These people make sure goods and services are in the right place at the right time to meet consumer needs and wants

• Wholesalers
• Intermediaries
• Farmers
• Retailers

A business that purchases large quantities of products directly from producers and sells the products in smaller quantitites to retailers

• Wholesalers
• Intermediaries
• Farmers
• Retailers

Businesses that buy products from wholesalers or directly from producers

• Wholesalers
• Intermediaries
• Farmers
• Retailers

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

• Service business
• Retail business
• Consumer market
• Buisiness market