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Business Essentials" | 2.01 Key Terms Flashcards | StudBud

Explore/Business Essentials" | 2.01 Key Terms

Define Consumers

What is social responsibility?

Business Essentials" | 2.01 Key Terms

5 terms·StudBud Administration·43 plays

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Questions 5

Answers

1
What is social responsibility?
Something to make a business look like they care
The duty of business to contribute to the well-being of society
Intermediaries who help move goods between producers and retailers
2
Define Consumers
A type of producer that changes the shapes or forms of materials
The duty of business to contribute to the well-being of society
People who use goods and services to satisfy their wants
3
Builders are A type of producer that constructs roads, bridges, buildings, houses, etc.
False
True
4
A etailer is A business that buys consumer goods or services and sells them to the ultimate consumer
False
True
5
Define Brick and Mortar
The people who make or provide goods and services
Retailers who operate solely online
A business that operates out of a physical facility (instead of online)