Business in the Free Enterprise

Organization that exists for the purpose of generating revenue and profit.

• store

• website

• for-profit business

• non-profit business

Organization that exists to serve some public purpose

• store

• website

• for-profit business

• non-profit business

Businesses that create goods or services

• reducers

• producers

• grocers

• stores

Business or people that take natural resources from the land

• reducers

• producers

• extractors

• removers

Business that use supplies from other producers to make products

• manufacturers

• producers

• extractors

• creators

People and businesses that sell the goods and services from producers to customers

• wholesale

• intermediaries

• salesforce

• vendors

A business that purchases large quantities of products directly from producers and sell them in smaller quantities to retailers

• wholesalers

• intermediaries

• salesforce

• vendors

Businesses that buy products from wholesalers or directly from producers and sell them to consumers

• wholesalers

• retailers

• distributors

• vendors

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

• wholesalers

• retailers

• service business

• vendors

Numeric system used to classify businesses and collect economic statistics

• Better Business bureau

• Business Statistics Agency

• American statistics board

• North American Industry Classification System (NAICS