Forms Of Business

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5 TYPES AND FORMS OF BUSINESS OWNERSHIP

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

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Business Diagram

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Types of Business - Forms of Ownership

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Forms Of Business

Non-Profit

Non- Profit organizations that don't profit from any kind of donations from people

Example: Red Cross

Example: UNICEF

Example: Gates Foundation

E-Commerce

E- Commerce is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet

Example: Amazon

Example: Ebay

Manufacturing

Manufacturing is the making of goods by hand or by machine that upon completion the business sells to a customer.

Example: Automotive companies, such as Ford and GM, are classic examples of manufacturing businesses

example: tissue companies, (Kleenex, Charmin)

Merchandising

A merchandiser is a business that purchases inventory and resells it to customers for a profit.

Example: sport check: they get shoes from Nike and Adidas for cheaper then re sell them for profit

Example: Walmart: they sell goods for and all type of merchandise to meet demands

service

A service that is offered to people and you usually pay monthly or yearly or any time period.

examples: phone plans (rogers, telus) you pay monthly fees and get services of you choice

example:Hairdresser: you get a haircut then you pay after you have received that service.

Co-Operative

Definition:A cooperative business, also known as a co-op, is a type of organization that is both owned and controlled by its members, who also happen to use the services and products of the cooperative

Food First

Organic Valley

Franchise

Definition: An authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, e.g., providing a broadcasting service or acting as an agent for a company's products.

Subway

MdDonalds

Corporation

Definition: A corporation is a legal entity that is separate and distinct from its owners. Corporations enjoy most of the rights and responsibilities that individuals possess: they can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes. Some refer to it as a "legal person."

Google

Sony

Partner Ship

Definition: A partnership is a formal agreement by 2 or more people or companies to to run a business and share their profits

Examples

Spotify and Uber

RedBull And Gopro

Subtopic

Self Proprietorship

Definition

A business that legally has no separate existence from its owner. Income and losses are taxed on the individuals personal income tax return

Some Examples

Convenience Store

Small Bakery

Single Person Art Studio

5 Forms Of Business