Business
List the six types of businesses and briefly explain each of them
1-Producer 2-processor 3-manufacturer 4-intermediary 5-wholesaler(distributor) 6-Retailer
Identify what happens during the production processing and delivery stages within each type of business responsible for the manufacturing and sale of loaf and bread
A former produces wheat; a processor make flour;the manufacturer makes bread; intermediary sells it to retailer who sells to consumers
What do you think the different types of business each use the same basic function
Different types of businesses may produce different goods and services but they must still manage their resources ,market their product and make a profit😜
How the accounting and finance functions can affect a business marketing and production process
If the financial show little profit new marketing plans maybe develop and a new production procedures may be implement
What is the difference between producer and processor
Producer collect or creates row products Processor change row products into more finished product
Identify the five functions of business
Production ,procurement,marketing,management,finance and accounting
Explain how producer and processor end manufacturer are not involved in producing a service
Service does not require gathering row materials or persisting and marking them into the end product