Forms of Business Ownership and Types of Business

Mer som dette

Types of Businesses and Forms of Business Ownership

Ved Chishty Alina

Types of Business and Forms of Business Ownership By: Abid Istwani, Ayaan Mohammed

Ved AI - 10ML - Rick Hansen SS (2542)

The 4-Hour Workweek by Timothy Ferris

Ved Anthony Johnson

Types of Business forms and businesses

Ved Habib Malik - Rick Hansen SS (2542)

Forms of Business Ownership and Types of Business

Franchise

a business in which the owner of a company allows other people to sell the company's goods in their name.

Co-operative

a business owned by people who use its' goods and services.

Corporation

a ownership that declares the businesses as different legal organizations but are controlled by a board of directors.

Partnership

a form of ownership in which two or more people own and run a business

Sole Proprietorship

Examples:

a business owned and run by own person

E-Commerce

Commercial trade of goods done electronically through the internet.

Shopify

ebay

Non-Profit

Where the owner and shareholders do not benefit financially from the profit.

Make-A-Wish

The Canadian Red Cross Society

Merchandising

The action of selling tangible goods at retail.

Urban Outfitters

LUSH

Service

An assistance/benefit provided that people are willing to pay for which does not result in a tangible product.

Boston Pizza

Royal Bank of Canada

Manufacturing

Business of producing tangible goods in big quantities.

a Doritos factory

a Mercedes Factory