Types
Person or business that sells the goods and services from producers to customers.
What is an intermediary?
The simplest and most common form of business ownership.
What is a proprietorship?
The numeric system used to classify businesses and collect economic statistics.
A group of individuals who make high-level decisions for a corporation and establish company policies.
What is a board of directors?
Business that sells primarily to other businesses.
What is Business-to-business (B2B)?
Business or person that takes natural resources from the land.
What is an extractor?
An association of two or more persons who co-own a business with the objective of earning a profit.
What is a partnership?
Three countries that formed NAICS
What are the US, Mexico, and Canada?
A share of ownership in a corporation
What is a stock?
Businesses that sell directly to the consumer
What is Business-to-Consumer (B2C)?
Businesses that use supplies from other businesses to make products.
What is a Manufacturer?
Form of ownership that provides limited liability to owners, but is taxed as a partnership.
Earns profits by providing consumers with services that meet their needs and wants
What is a service business?
Portion of a corporation's earnings distributed to stockholders.
What is a Dividend?
National, state and local offices and agencies
What is the government?
A business that purchases large quantities of products directly from producers and sells the products in smaller quantities to retailers.
What is a Wholesaler?
Business that is owned and operated by those using its services.
What is a Cooperative?
A business in an organization that generates revenue.
What is For-Profit Business?
Explains the practices and procedures to be followed in conducting business.
What is corporate bylaws?
Nonprofit organization that may be either public or private.
A business that directly provides consumers with products that meet their needs and wants.
What is a Retailer (store)?
Form of business ownership that combines the benefits of a corporation with those of a proprietorship and partnerships.
A business that exists to serve some public purpose.
What is a Not-For-Profit Organization?
Form of ownership that provides limited liability to owners, but is taxed as a partnership.
What is an S Corporation?
Businesses that create goods
What is a producer?