B.E. Unit 2 Vocab Test

Which type of business operates out of a physical facility instead of online?

• E-tailers

• Brick and mortar

• Retailers

• Manufacturers

Who constructs roads, bridges, and buildings?

• Consumers

• Retailers

• Builders

• Wholesalers

Who uses goods and services to satisfy their wants?

• Producers

• Consumers

• E-tailers

• Manufacturers

Retailers who operate solely online are called:

• Brick and mortar

• Service business

• E-tailers

• Wholesalers

A producer that changes the form of materials to make them useful to consumers is called a:

• Manufacturer

• Raw-goods producer

• Retailer

• Wholesaler

Who are the people that make or provide goods and services?

• Consumers

• Producers

• Retailers

• Wholesalers

Which type of producer provides goods in their natural state?

• Manufacturers

• Builders

• Raw-goods producers

• Service businesses

A business that buys consumer goods and sells them to the ultimate consumer is a:

• Retailer

• Producer

• Wholesaler

• Builder

Which type of business performs intangible activities to satisfy the needs of consumers?

• Service business

• Manufacturer

• Raw-goods producer

• E-tailers

The duty of businesses to contribute to the well-being of society is called:

• Profit

• Social responsibility

• Capital goods

• Economic risk