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5.1 business in the us economy renee lumadan types of businesses - inte…

Question

5.1 business in the us economy
renee lumadan
types of businesses

  • intermediaries: businesses involved in the selling goods and services of producers.
  • retailer-sells products to general public.
  • wholesaler-sells products to retailers for (resale)
  • service businesses: carry out activities that are consumed by its customers.
  • fastest growing part of the economy!

open-ended question
give 1 example of an intermediary in finney county.
type your answer here.
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Explanation:

Brief Explanations

An intermediary in business is a firm that sells goods/services of producers. In Finney County, a local grocery store (e.g., a small-town supermarket) acts as an intermediary, buying products from wholesalers or producers and selling to local consumers. Another example could be a local hardware store that sources products and sells to the public.

Answer:

A local grocery store (e.g., a small - town supermarket) in Finney County can be an example of an intermediary. (Or other valid local businesses like a local hardware store, a local clothing boutique that buys from suppliers and sells to local customers.)