Types and Forms of Business ownerships

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Chapter 1 Introduction

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Types and Forms of Business ownerships

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Non-Profit

red cross society, Canada cancer society

a company that is not driven by money and a particular cause that receives all payments to utilize what is required to run the organization.

no profits

limited funding

hardworking employees

government funding worldwide causes

E-commerce

amazon, edible arrangements

very competitive, negative reviews

Disadvantages

Primary producer (can create more jobs), make large quantities at lower cost

Online merchandising

Manufacturing

Hershey, Toyota

turning raw materials into goods that people want

Definition

very competitive

negative reviews

make large quantities at lower cost

primary producer

Merchandising

Zara, Gap

Examples

A way of displaying products for customers

Definition

store space is expensive

non-stop changes (on aisles and selves)

better value for consumer and producers

Accessible products for everyone

Advantages

Service Business

when a company supplies efficient support to their clients

Definition

uber, postal services

Examples

Handling complaints

Challenging finding employees

Disadvantages

flexible schedule (working anywhere as as fulfilling customers needs)

no inventory

Advantages

Main topic