Business Characteristics Vocabulary Review #1-iCEV

businesses which develop products for distribution from raw goods

• leaders

• managers

• developers

• producers

materials derived from natural resources

• intermediaries

• raw goods

• processed goods

• natural goods

businesses which change raw goods into a more finished form, known as processed goods

• manufacturers

• intermediaries

• processors

• distributors

businesses which change raw or processed goods into finished goods

• manufacturers

• intermediaries

• processors

• service firms

businesses which move finished goods from one business to another by buying, storing and reselling goods; often referred to as “middlemen”

• manufacturers

• intermediaries

• processors

• service firms

businesses which provide services to consumers and other businesses

• service firms

• non-profit organizations

• intermediaries

• human resources

businesses which provide goods and services to businesses and individuals, but operate on donations, volunteers and philanthropists rather than profit

• non-profit organizations

• service firms

• profit organizations

• goods firms

department responsible for maintaining the employment process, training and developing staff and following laws and proper procedures

• process department

• management

• human resources

• cooperations

A pyramid expressing the needs of people in levels: basic needs, safety, belongingness, love, esteem and self-actualization is Maslow Hierarchy of Needs

• True

• False

process of effectively working together in group settings

• leadership

• accounting

• cooperation

• management