Ch. 5.1 Business in the U.S. Economy Terms

One who has no explicit or implicit contract for long-term employment.

• contingent worker

• short period worker

• retired worker

• new employee

A businesses that carries out activities that are consumed by its customers. It does not offer products for sale.

• wholesaler

• intermediary

• service business

• manufacturing business

Businesses who get supplies from other producers and convert them into products. They sell their products to consumers and other businesses.

• manufacturer

• extractor

• service business

• retailer

Business that create the products and services used by individuals and other businesses. They are responsible for using resources to make something that is needed by others. 

• intermediary

• service business

• producer

Target is an example of an extractor.

• True

• False

Businesses involved in selling the goods and services of producers to consumers and other businesses. Examples  are retailers and wholesalers.

• intermediaries

• extractors

• farmers

• manufacturers