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For-profit business
an organization that generates revenue
not-for-profit organization
an organization that exists to serve some public purpose
producer
businesses that create goods and services
extractors
businesses or people that take natural resources from the land
manufacturers
businesses that use supplies from other producers to make products
intermediary
people and businesses that sell the goods and serviceds from producers to customers
wholesaler
a business that purchases large quantities of products directly from produceers and sells the products in smaller quantities to resalers
retailer
businesses that buy products from wholesalers or directly from producers, and sell them to consumers to make a profit
service business
earn profit by providing consumers with services that meet their wants and needs
north american industry classification system (naics)
a numeric system used to classify businesses and collect economic statistics
consumer market
consists of costumers who buy products for their own use
business-to-consumer (B2C)
businesses that sell primarily to individual consumers
business market
consists of customers who buy products for use in a business
business-to-business (B2B)
businesses that sell primarily to other businesses
government market
includes national, state, and local governmental offices and agencies
institution
nonprofit organizations that may be either public or private
