Business and Government Flashcards
Chanel of distribution
The path that the product travels from producer to the consumer.
Direct Distribution
Brings products to the consumer directly from the producer.
Extractor
A business that grows products and takes raw materials from nature.
Indirect distribution
At least one or several middle firms.
Manufacturer
Takes extractors products and changes form consumers can use.
Marketer
A business involved in moving goods.
Retailer
sells products directly to the consumer.
Service business
Does things for you.
Wholesaler
Sells large quantities to a retailer.
Boar of directors
A responsibility guide.
Certificate incorporation
A written permission
Cooperative
Owned and managed insert.
corporation
Written permission state located
Dividend
Part shareholder receives
Franchise
sells someone else products
Franchisee
who recieves permission
Franchiser
Parent grants permission
Non-profit corperation
Operate profit
Partnership
Small group not more than two
Shareholder/stockholder
buying shares of stock.
Sole proprietorship
Owned by one person.
Business Ethics
Employees ought to behave.
Code of Ethics
Rules for guiding
Conservation
scarce resources
Ethics
Principles conduct
Non-renewable
cannot be replaced
Social responsibility
Well-being community
Balance of payments
The amount that goes into a country and out of it.