| A | B |
|---|
| Producer | A business that gathers raw goods |
| Raw goods | Materials gathered in their original state from natural resources. |
| Processors | This type of business changes raw materials into more finished products |
| Processed goods | These are made from raw goods that require further processing |
| Examples of processed goods | sugar cane is turned into sugar, crude oil is turned into gasoline, and iron ore is turned into steel |
| manufacturers | A business that makes finished products out of processed goods. |
| intermediary | A business that moves goods from one business to another. |
| wholesaler | Also known as distributors, this type of business distribute goods. |
| retailer | This type of business purchases goods from a wholesaler and sells them to consumers. |
| Service businesses | This type of business performs tasks rather than provide goods |
| Production | The process of creating, expanding, manufacturing, or improving goods and services. |
| Procurement | The buying and reselling of goods that have already been produced. |
| marketing | The process of planning, pricing, promoting, selling, and distributing ideas, goods, and services. |
| management | The process of achieving company goals by planning, organizing, leading, controlling, and evaluating the effective use of resources. |
| finance | The business or art of money management. it requires analyzing financial statements to make future decisions. |
| accounting | involves maintaining and checking records, handling bills, and preparing financial reports for a business. |
