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PRINCIPLES OF BUSINESS 503 D

AB
REGULATIONSAn established set of rules
RAW-GOODS PRODUCERA type of producer that provides goods in their natural state.
SERVICE BUSINESSESA type of business that performs intangible activities that satisfy the wants of consumers or industrial users.
RESPONSIBILITYFulfilling one’s obligations in a dependable, reliable manner. The duty to get the job done
RETAILERSA business that buys consumer goods or services and sells them to the ultimate consumer
SLACK RESOURCESResources above and beyond what are needed to operate an organization
SOCIAL RESPONSIBILITYThe duty of business to contribute to the well-being of society
PRODUCTIONThe economic process or activity of producing goods and services.


Business Marketing Teacher, Career Technical Education
CENTRAL CABARRUS HIGH SCHOOL
Concord, NC

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