Business Types and Forms of Ownership

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Business Types and Ownership

Co-operative

A company that is run by a group of businesses. Purpose is to compete against larger companies.

Federated Co-operatives Limited

Coopérative Fédérée du Québec

Franchise

A company in which the owners, sell the rights to their business to third party operators

Subway

Starbucks

Corporation

A business that run by a group of shareholders that invests in a company

Samsung

Adidas

Partnership

Is a business that is created between two or more people

McDonalds

Ben and Jerry's

Sole Proprietorship

A business that is only run by 1 person

Nail Salon

Lawn Mower Service

Non-Profit

Goods, services, donations or sponsorships that make a profit are provided to help the community

World Wildlife Foundation

Bill and Melinda Gates Foundation

E-Commerce

Makes a profit from selling products for a retail price (to consumers) online that is less than the wholesale price

E-bay

Amazon

Manufacturing

Buys raw materials and uses labour/ technology to transform them into products to sell

Pepsi

General Motors Corporation

Merchandising

Makes a profit from selling products for a retail price (to consumers) that is less than the wholesale price

Corner/Convenience Store

Costco

Service

Provides professional skills, advice or labor

Bank

School