These producers provide goods in their natural or raw states

Constructs roads, bridges, schools, hospitals, houses, office buildings.....

Changes the shapes or forms of materials so they are useful to consumers

Trade industries are businesses that buy and sell goods to others

Sells to the ultimate consumer

Sells to other businesses

Retailers and Wholesalers are 2 main divisions of the trade industry

A duty to contribute to the well-being of society

One way a business can contribute to society's well-being is maximizing profits. How can a business do this?

Businesses do not have a responsibility to their communities

A business that makes money to fulfill a specific mission or to fulfill a financial goal.

A business that operates to make money to fulfill financial goals

To reach their goals, businesses must accomplish

Which is not a way that businesses get financing

The process of creating, communicating, delivering and exchanging offerings that have value for customers

Acquiring goods and services to accomplish business goals

Overseeing and controlling the number of finished products a business has for sale

Day to day activities for business functioning

External business factors that affect the primary business activities

The formally granted ability of an individual to make decisions, pursue goals and obtain the resources necessary to support those decisions and goals.

The formal, direct authority that affects a business's day-to-day operations.

Having a duty to get a job done

Assigning tasks to subordinates (employees who work under your authority).

Separating a big job into several smaller tasks is an organizational principle known as

The principle that states no employee should have to report to more than one manager or supervisor.

Refers to how many workers are managed by one supervisor.

Each unit of department within the organization has its own set of responsibilities and activities.