Business Essentials Unit 2 Revision Exam And Actual Answers.
Brick and mortar - Answer A business that operates out of a physical facility (instead of online). Builders - Answer A type of producer that constructs roads, bridges, buildings, houses, etc. Consumers - Answer People who use goods and services to satisfy their wants. E-tailers - Answer Retailers who operate solely online. Manufacturer - Answer A type of producer that changes the shapes or forms of materials so that they will be useful to consumers. Producers - Answer The people who make or provide goods and services. Raw-goods producer - Answer A type of producer that provides goods in their natural state. Retailer - Answer A business that buys consumer goods or services and sells them to the ultimate consumer. Service business - Answer A type of business that performs intangible activities that satisfy the needs and wants of consumers or industrial users. Social responsibility - Answer The duty of business to contribute to the well-being of society. Trade industries - Answer Businesses that buy and sell goods to others; retailers and wholesalers. Wholesalers - Answer Intermediaries who help move goods between producers and retailers by buying goods from producers and selling them to retailers.
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