Business Essentials Vocab Practice (2.01)

Match the following

• A business that buys consumer goods or services and sells them to the ultimate consumer

• Retailers

• Retailers who operate solely online

• Brick and Mortar

• A business that operates out of a physical facility (instead of online)

• Producers

• The people who make or provide goods and services

• Builders

• A type of producer that constructs roads, bridges, buildings, houses, etc.

• E-tailers

A ______________ is a type of producer that provides goods in their natural state.

Reorder the following to define "E-tailers".

• online

• retailers

• operate

• who

• soley

A ​ (a)   business is a ​ (b)   business that performs intangible activities that satisfy the needs and wants of ​ (c)   or ​ (d)   .

• service
• type of
• consumers
• industrial users

Wholesalers are ​ (a)   who help move goods between ​ (b)   and ​ (c)   by buying goods from producers and selling them to retailers.

• intermediaries
• producers
• retailers

A ________ is a business that buys consumer goods or services and sells them to the ultimate consumer.

• retailer

• wholesaler

• manufacturer

• producer

Match the following

• The duty of business to contribute to the well-being of society

• Service Business

• A type of producer that provides goods in their natural state

• Raw-Goods Producer

• Businesses that buy and sell goods to others; retailers and wholesalers

• Wholesalers

• A type of business that performs intangible activities that satisfy the needs & wants of consumers

• Trade Industries

• Intermediaries who help move goods between producers and retailers

• Social Responsibility

A brick and mortar is a business that operates out of a __________ (instead of online).

A _____________ is a type of producer that changes the shapes or forms of materials so that they will be useful to consumers.

• retailer

• wholesaler

• manufacturer

• e-tailer

Trade Industries are businesses that ​ (a)   and ​ (b)   ​ (c)   to others; retailers and wholesalers.

• buy
• sell
• goods