Vocabulary Terms
Vocabulary Word
100
Producers
Develops products for distribution from raw goods.
100
working together in group settings
What is Cooperation
200
Service Firms
To consumers and other businesses.
200
change raw or processed goods into finished goods
What are Manufacturers
300
Processors
Change raw goods into a more finished form; produce processed goods.
300
provide goods and services to businesses and individuals; operate on donations, volunteers and philanthropists
What is Non-profit Organizations
400
Raw Goods
Materials derived form natural resources
400
Department that maintains the employment process, trains and develops staff and follows laws and proper procedures.
What is human resources
500
Intermediaries
"Middleman"; move finished goods from one business to another; buy, store and resell goods
500
Pyramid that expresses the needs of employees such as basic needs, safety, belongingness, love, esteem and self-actualization.
What is Maslow's Hierarchy of Needs
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