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
