Lesson 5.2 Review

• A business that sells its products only in its own country and opportunities for growth are limited since products are sold in one country

• County Business

• Domestic Business

• Global Business

• State Business

• A business that sells its products in more than one country

• Domestic Business

• Global Business

• County Business

• Reginal Business

A business that seeks to make a profit from its operations.

• For-Profit Businesses

• Public Sector

• Nonprofit Businesses

• Private Sector

A group that functions like a business but uses the money it makes to fund the cause identified in its charter.

• Private Sector

• Public Sector

• Nonprofit Business

• For-Profit Business

Government-financed agencies like schools, libraries, Social Security and Medicare, and the military

• Non-profit organizations

• Private Sectors

• For-profit organizations

• Public Sectors

A group of businesses that mostly make or sell the same products or services

• Cohort

• Retailers

• Industry

• Wholesalers

Demand in the organizational market that is based on the demand for consumer goods and services.

• Wholesaler

• Production

• Derived Demand

• Industry

A business that obtains goods from manufacturers and resells them to organizational users, and retailers, also called distributors.

• Retailers

• Wholesalers

• Production

• Industrial

The process of creating, growing, manufacturing, or improving on goods and services.

• Production

• Procurement

• Management

• Promotion

Buying and reselling goods that have already been made

• Procurement

• Production

• Promotion

• Thrift