| A | B |
|---|
| franchise | Business arrangement in which an established company sells the right for others to use the company's name and operating plan to sell products or services |
| manufacturing business | Business that converts mateials into goods suitable for use and sells those goods to others |
| North American Industry Classification System | Classification system that assigns a numerical code to every industry in North America based on its primary business function |
| Reseller’s permit | Special permit, required by most states, that retailers must have to purchase goods tax-free from wholesalers and collect sales tax from end buyers |
| retailing business | Business that buys goods, often from wholesaler, and resells the goods in small quantities directly to consumers |
| service business | Business that provides and sells services to customers for a fee |
| trade business | Term used to refer to a wholesale business or a retail business. |
| Wholesaling business | Business that buys goods in large quantities, typically from manufacturers, and resells them in smaller batches to retailers. |
