1. Business in the U.S. Economy
NOTES

2. U.S. Businesses & The Economy
Public and privately owned companies contribute to the U.S. $16 TRILLION GDP
Size of U.S. Businesses
Most businesses in the U.S. are small businesses!
Roles of U.S. Businesses
Make & distribute goods and services
Employ millions of people
Pay taxes
Impact on a Community
New businesses can add jobs and increase the demand for local products and services

4. Business Activities Business Activities
Generate Ideas
Raise Capital
Employ & Train Employees
Buy Goods & Services
Market Goods & Services
Maintain Business Records
All businesses in the United States, no matter how BIG or small, will perform these 6 activities

5. Types of Businesses Service Businesses
Businesses that offer something intangible and can assist retailers, intermediaries, and producers.
Web Designers
Travel Agents
Painters
Retailers
Businesses involved with the direct sale of products to consumers and other business. Focus on distribution and selling.
Wholesalers
Retail Stores
Intermediaries
Businesses involved in the processing of goods/services from producers to other businesses.
Transportation Companies
Storages Centers
Sales Offices / Agents
Data Processing Centers
Producers
Create products and services used by individuals and other businesses.
Extractors
Farmers
Manufacturers

6. ASSIGNMENT
Select a product that involves all of the types of businesses in its production and marketing. Create a illustration (hand draw, Word, or PowerPoint) that shows each business and its role in the production and sale of the product. Title your illustration and label the various businesses involved.

7. Example Ford Truck Producers Intermediaries Retailers
Steel, Tire, Glass, Plastic, and Auto Manufacturers
Intermediaries
Sales Agents for producers and dealers that negotiate price and quantities or parts and equipment
Retailers
Dealerships and Individuals who sale the product to consumers