Column 1
This is an organization that generates revenue
What is a for-profit business
This is a numeric system used to classify businesses and collect economic statistics.
What is the North American Industry Classification System (NAICS)?
Schools, the military, and the Internal Revenue Service are part of this.
What is the public sector?
This is a business that purchases large quantities of products directly from producers and sells the products in smaller quantities to retailers.
What are wholesalers?
Percent of all nonfarm jobs in the country that are in the service industry.
What is 70%?
These are businesses that create goods and services.
What are producers?
Businesses that sell primarily to individual consumers.
What are business-to-consumer (B2C)?
These are businesses that that use supplies from other producers to make products,
What are manufacturers?
This consists of customers who buy products for use in a business.
What is the business market?
This is defined as honesty of a person's actions.
What is integrity?
These are organizations that exist to serve some public purpose.
What is a not-for-profit organization?
Are businesses that buy products from wholesalers or directly from producers, and sell them to consumers to make a profit.
What are retailers?
Consumers are also called this.
What are end users?
These are nonprofit organizations that may be either public or private
What are institutions?
Natural resources are also called this.
What are raw materials?
This earns profits by providing consumers with services that meet their wants and needs.
What is a service business?
This includes national, state, and local governmental offices and agencies.
What is the government market?
These include schools, hospitals, museums, and organizations, such as the United Way and the American Cancer Society.
What are nonprofit institutions?
Consumer market
Business market
Government and institutions
What are types of customers?
These are businesses or people that take natural resources from the land.
What are extractors?
This consists of customers who buy products for their own use.
What is a consumer market?
The customer of a service business is often called this.
What is a client?
This means that specific information about a company is never shared except with those who have clearance to receive it.
What is confidentiality?
Businesses that sell primarily to other businesses?
What is the business-to-business market (B2B)?
These are businesses that use supplies from other producers to make products.
What are manufacturers?