2. Four Kinds of Businesses ExtractorsManufacturersMarketersService Business A business that grows products or takes raw materials from nature. Takes the extractors products or raw materials and changes them into a for that consumers can use. A type of business involved in moving the goods from producers to consumers. A business that performs a service instead of making or performing marketing functions.

3. Extractors Natural Products and Raw Materials - Ready for Sale - Many need Processing and Change Examples: Miners, Oilers, Fisherman, Farmers

4. Manufacturer Manufacturers can create products in a number of ways. Satisfy the Needs and Wants of customers.

5. Custom Manufacturing Building specific and unique products to meet the needs of a specific customer. Mass Production Building a large quantity of identical products using a continuous and efficient procedure. Processing Changes the form of materials so they can be consumed or used to manufacturer other products.

6. Marketers Marketing can be categorized in 9 different functions Product/Service Planning Financing Promotion Distribution Selling Purchasing Pricing Marketing Information Management Risk Management

7. Service Business Service Businesses can provide support to individuals and businesses. They perform the work that you do not want to undertake. Examples: Oil Change, Movers, Distribution Companies, Marketing Firms, Training Employees, Child Care, etc…

8. Business Activities Generating Ideas Raising Capital Purchasing Goods and Services Human Resources Marketing Goods and Services Producing Goods and Services Keeping Records (Accounting)

9. Name of Business How do new businesses affect the community?