CH 4 Business in the Free Enterprise (Pretzel)

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

• not-for-profit organization

• producer

• wholesaler

• retailer

• business market

An organization that exists to serve some public purpose.

• not-for-profit organization

• producer

• wholesaler

• retailer

• business market

A business that creates goods and services.

• not-for-profit organization

• producer

• wholesaler

• retailer

• business market

A business that buys products from wholesalers or directly from producers, and sells them to consumers to make a profit.

• not-for-profit organization

• producer

• wholesaler

• retailer

• business market

A market that consists of customers who buy products for use in a business.

• not-for-profit organization

• producer

• wholesaler

• retailer

• business market

A business that is owned and often operated by a single individual.

• proprietorship

• stock

• dividend

• cooperative

• partnership

A share of ownership in a corporation.

• proprietorship

• stock

• dividend

• cooperative

• partnership

A portion of a corporation’s earnings distributed to stockholder.

• proprietorship

• stock

• dividend

• cooperative

• partnership

A business that is owned and operated by those using its services.

• proprietorship

• stock

• dividend

• cooperative

• partnership

An association of two or more persons who co-own a business with the objective of earning a profit.

• proprietorship

• stock

• dividend

• cooperative

• partnership