Download - Business in Our Economy Ch.5
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Chapter 5
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• Extractors grow products or takes raw materials from nature.
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Manufacturers change the raw materials into a form that consumers can use.
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Custom manufacturing makes products that are for one customer.
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Mass production makes a large number of identical items to be available for everyone.
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Processing changes the form of materials for they can be used either for manufacturing or for customer purchase.
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Marketers move goods from producers to consumers. They also perform other activities that make the product attractive to the consumer.
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Service businesses does things for you instead of making or marketing products.
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Generate Ideas Raising Capital Buying Goods And Services Using Human Resources Marketing Goods And Services Producing Goods and Service Keeping Records
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One new business causes a chain reaction for the community.
Jobs are created; that money is spent in the community.
Taxes are collected for public goods. Competition arises through new
businesses and the cycle begins again.