PRINBMF - Chapter 5 Business in Our Economy

A business that grows products or takes raw material from nature

• Extractor
• Manufacturer
• Marketer
• Service

Takes raw material and changes them into a form that consumers can use.

• Extractor

• Manufacturer

• Marketer

• Service

A business that is involved with moving goods from producers to consumers

• Extractor
• Manufacturer
• Marketer
• Service

A business that does things for you instead of making or marketing products

• Extractor
• Manufacturer
• Marketer
• Service

Building a specific and unique product to meet the needs of one customer

• Extractor
• Custom Manufacturing
• Mass Production
• Processing

A large number of identical parts are assembled using a continuous, efficient procedure.

• Extractor
• Custom Manufacturing
• Mass Production
• Processing

Changes the form of materials so they can be consumed or used to manufacture other products

• Extractor
• Custom Manufacturing
• Mass Production
• Processing

A lawyer is an example of what type of business?

• Extractor
• Manufacturer
• Marketer
• Service

A corn farm is an example of what type of business?

• Extractor
• Manufacturer
• Marketer
• Service

A grocery store is an example of what type of business?

• Extractor
• Manufacturer
• Marketer
• Service