Business and Government Flashcards
(72 cards)
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