PBMF Chapter 4 Review Coach Arnold

Front

An organization that generates revenue -

Back

for-profit business

Front

Business that creates goods and services

Back

producer

Front

Business that purchases large quantities of products directly from producers and sells the products in smaller quantities to retailers. Also known as a distributor.

Back

wholesaler

Front

Business that buys products from wholesalers or directly from producers, and sells them to consumers to make a profit

Back

Retailer

Front

Consists of customers who buy products for use in a business

Back

business market

Front

Business that is owned and often operated by a single individual

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proprietorship

Front

Share of ownership in a corporation

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stock

Front

Portion of a corporation's earnings distributed to stockholders

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dividend

Front

Business that is owned and operated by those using its services; also called a co-op

Back

Cooperative

Front

Association of two or more persons who co-own a business with the objective of earning a profit

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partnership