5 Types Of Businesses

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5 Types Of Businesses

Non-profit Organization

A business that is granted tax-exempt status by the Internal Revenue Service. Non profit organizations are usually donation/charity organizations. They must disclose a great deal of financial and operating information to the public. This is because consumers want to ensure their donations are going to a good cause.

United Way

Salvation Army

American Red Cross

Doctors Without Borders

Sick Kids

E-commerce/E-business

The e stands for "electronic networks" and describes the application of electronic network technology to enhance the business. However, E-commerce covers outward-facing processes that touch customers, suppliers and external partners, including sales, marketing, purchasing of supplies for production such as office supplies. On the other hand, an E-business includes e-commerce but also covers internal processes such as production, inventory management, finance, and human resources.

Nike

Adidas

Kijiji

E-bay

Amazon

Merchandising (Retail) Business

Merchandising is a business that purchases finished products and resells them to consumers in such a way that it grabs the attention of customers to make a purchase. It is the most common type of business.

Kohl's

Target

Toys-R-Us

Home Depot

Wal-Mart

Service Business

A service that is delivered to business customers by business units. It is a business people are willing to pay for but they do not result in a product you can touch. For example, delivery of financial services to customers of a bank, or goods to the customers of a retail store.

Taxi

Tutor

Moving Services

Babysitting

Dog Walking

Manufacturing Business

A manufacturing business is any business that uses components, parts or raw materials to make a finished good. These finished goods can be sold directly to consumers or to other manufacturing businesses that use them for making a different product.

Acer

Coca-Cola

Apple

Toyota

General Electric