Types of Businesses

Types of businesses are classified by the work activities performed.

• True

• False

Develop products for distribution from raw goods

• Processors

• Producers

• Manufacturers

Cotton mills are

• Producers

• Processors

• Intermediaries

Another name for the middleman is called

• Processors

• Manufacturers

• Intermediaries

An example of a service firm is

• Beauty Salon

• Mechanic

• Landscaping

• All of the above

Salvation Army is a Profit Organization

• True

• False

They operate on donations and volunteers

• Manufacturers

• Non-profit organizations

• Processors

• None of the above

An automobile factory is considered a

• Processor

• Manufacturer

• Producer

Buy finished goods from manufacturers in large quantities and sell them to businesses in smaller quantities

• Wholesale

• Retailers

Buy finished goods from manufacturers or wholesalers and sell them directly to the consumer

• Retailer

• Wholesaler