5 types Businesses

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5 TYPES AND FORMS OF BUSINESS OWNERSHIP

luonut Amanda Huynh - Fairwind Sr PS (1159)

Copy of the Accounting G11: Chapter 1 Concept Map

luonut Ellie Qian

TQM

luonut Dina Mangusheva

profitable business ideas

luonut Mindomo Team

5 types Businesses

E-commerce/E-business

buying and selling of goods via the internet (electronic network), it can also be an transmitter of funds or data.

examples: Ebay

Example: Amazon

Manufacturing Business

makes a profit by building products from raw materials that are sold to distributors ans consumers.

Example #1: Vehicles

Example #2: Baked goods

SERVICE BUSINESS

makes a profit by doings tasks for other businesses or consumers

Example #1: banking

Example #2: education

Non - Profit Organizations

does not make any profit, their goal/purpose is to meet the needs of the community.

Example: United Nations

Save the Children

Merchandising (Retail) Business

makes profit by selling goods, buys the goods they sell from other producers. and sell the goods to consumers. Also known as distributors.

Example: Walmart

Example: EB Games