| A | B |
| sells products to other businesses | wholesaler |
| sells goods directly to the consumer, the final buyer of the goods | retailer |
| has no competition in the market | monopoly |
| are gathered in their original state from natural resources | raw goods |
| is a new way of doing things. | innovation |
| have been changed from their original forms into more finished forms | processed goods |
| are businesses that create products and services for distribution | producers |
| turn raw or processed goods into finished goods | manufacturers |
| is a business that moves goods from one business to another | intermediary |
| turn natural materials into more finished forms | processors |
| provide services instead of goods to consumers | service firm |
| The application of scientific knowledge in business or industry | technology |