Entrepreneurship I - Objective 4.03 Vocabulary Quiz

A person who purchases goods and services for personal use.

• Consumer

• Producer

• Distributor

• Retailer

To disperse widely, hand out, or spread around.

• Producer

• Distribute

• Manufacture

• Supply

An agent who supplies goods to stores and other businesses that sell to consumers.

• Producers

• Consumers

• Retailers

• Distributors

The increase or decrease in the amount of money a business, institution, or individual has.

• Product Flow

• Financial Flow

• Value Flow

• Information Flow

The movement of information between people and systems.

• Product Flow

• Financial Flow

• Risk Flow

• Information Flow

Something made from raw materials by hand or by machinery.

• Supply

• Manufacture

• Produce

• Distribute

A person, company, or country that makes, grows, or supplies goods or commodities for sale.

• Producer

• Consumer

• Retailer

• Distributor

The distribution channel that is viewed as a unified system of interdependent organizations in which intermediaries work together to build value as products proceed through the channel to the consumer.

• Information Flow

• Financial Flow

• Risk Flow

• Product Flow

A person or business that sells goods to the public in relatively small quantities for use or consumption rather than for resale.

• Producer

• Retailer

• Distributor

• Consumer

The extent to which future cash flows may fall short of expectations as a consequence of changes in market variables.

• Risk Flow

• Product Flow

• Information Flow

• Financial Flow