| A | B |
|---|
| Contingent Worker | no explicit or implicit contract for long-term employment (5% of U.S. workforce) |
| Intermediaries | businesses involved in selling the products of producers to consumers and other businesses (retailers, wholesalers). |
| Service Business | carries out activities that are consumed by its customers; no products for sale (pizza delivery, doctor, hair dresser, arcade). |
| Producer | create the products used by individuals & businesses (Extractors take materials from earth and Manufacturers process materials into products). |
| Baby Boomers | refer to the large number of people born between 1946-1964. |
| Groups that will go through higher employment growth rates include: | Asian, Hispanic and African American workers. |
| The most striking trend in employment has been the participation of | women |
| Most businesses are ____ and have no employees other than the owner. | small |
| Most important role of businesses: | make and distribute goods and services needed by consumers, government and other businesses. |
| Businesses have a huge impact on the community in which it operates and sets off a ____ reaction. | chain |
| generating ideas | Research and Development (R&D) Dept. to discover new products and operating ideas. |
| Raising Capital | large amount of money is needed to run a business; obtained from owners, loans or from investors. |
| Employee & Training Personnel | businesses need human resources; implement procedures for recruiting, hiring and training employees. |
| Buying Goods and Services | businesses purchase items for their own operations; range from steel to make an automobile to advertising services. |
| Marketing Goods &Servmices | activities directed at providing the goods & services wanted by a business’s customers. |
| Maintaining Business Records | must keep some financial record-keeping system in order to track performance & make decisions; required by government. |
| producers | create the products used by individuals & businesses (Extractors, Manufacturers). |
| intermediaries | businesses involved in selling the products of producers to consumers and other businesses (retailers, wholesalers). |
| service business | carries out activities that are consumed by its customers; no products for sale (dentists, lawyers, dog walker, ISPs). |
| Service businesses account for __ of US businesses. | 60 |
