2.01 Key Terms

2. sells to other businesses
4. The process of making from raw materials
6. Provide good in their natural, or raw, states
10. A business with central management controlling numerous smaller stores.
11. When a number of independent business owners voluntarily join together to get discount prices
12. The optimum output at which your business is most profitable
13. Construct things such as roads, bridges, and buildings.

1. Includes categories such as private education, business services, and transportation
3. People who make or provide goods and services
4. Money made from the business
5. Sells to ultimate consumers
7. Change the shapes or forms of materials to be helpful to consumers.
8. Buy and sell goods to others
9. A duty to contribute to the well-being of society