WorksheetsBusiness Types
Total questions: 10
Worksheet time: 9mins
Match the vocabulary term to its meaning.
A business that provides intangible activities or expertise rather than physical goods.
Service firms
Business that gathers raw goods in their natural state (farming, mining, etc.).
Producers
Business which changes raw goods into more finished or usable form, known as processed goods.
Processors
Business which moves finished goods from one business to another by buying, storing and reselling goods: often referred to as "middlemen"
Intermediary
Business that provides goods and services to businesses and individuals, but operate on donations, volunteers, and philanthropists rather than profit. They focus on a mission rather than making money.
Non-profit organization
Tangible or physical items are called (a) .
Intangible activities provided to consumers are called (a) .
Goods and services a person requires for survival.
Nice car
Video game
Needs
Expensive clothes
Wants
Goods and services a person desires, yet are unnecessary for day-to-day life.
Needs
The latest iPhone
Wants
Playstation
Coach purse
This term is used to describe the goods and services available for consumers.
A person who buys a product/item is called a:
Wholesaler
Customer or Consumer
Most purchases start with a problem or a
__________.
Need
Want
Price
Solution
Customer (someone who buys a good or service) is also called a:
Place the components of the supply chain in order.
Producer
Processor
Manufacturer(packaging)
Intermediary
HEB
