Types and Forms of Business
Types and Forms of Business
non-profit
Where the people doing the service or selling the profit do not get money from the business. ex;red cross,habitat for humanity.
Habitat for Humanity
Red Cross
manufacturing
businesses that make products and other stuff in factories usually using machines. ex;Shoe manufacturing,towel manufacturing,candle manufacturing.
Candle manufacturing
Shoe manufacturing
Co-operative
A private business that is owned by its members, or the people who use its products. The members also use the co-op business’ services/products.
Ocean Spray - Agriculture
Do it Best - Hardware Store
Franchise
When business owners - called franchisees- sell their business rights to like logo and name to third party operators - called franchisers.
Starbucks
McDonalds
Corporation
A corporation has board of directors that guide the business as a separate legal entity
Coca-Cola
Microsoft
Partnership
When two or more individuals start a business together as co-owners. The profits, loss, debts, etc are all split between the owners.
Uber
Spotify
Sole Proprietorship
A business owned and run by one person and not a business partnership. The owner is fully responsible for business loss, gain, debts, etc.
local grocery store
tutoring service
e-commerce
a business that sells products through the internet. ex; ebay,amazon.
merchandising
a business that sells a product. ex;Clothing stores,grocery stores.
service
Subtopic
a business that helps or does work for their costumers. ex;cell phone repair,restaurant.
