Categorías: Todo - franchise - partnership - service - corporation

por Melis Alibeseoglu - Fairwind Sr PS (1159) hace 4 años

245

Forms of Business Ownership and Types of Business

Different structures and forms of business ownership cater to a variety of needs and functions in the market. These include sole proprietorships, where a single individual owns and operates the business, and partnerships, which involve two or more people sharing ownership and responsibilities.

Forms of Business Ownership and Types of Business

Forms of Business Ownership and Types of Business

Franchise

a business in which the owner of a company allows other people to sell the company's goods in their name.

Co-operative

a business owned by people who use its' goods and services.

Corporation

a ownership that declares the businesses as different legal organizations but are controlled by a board of directors.

Partnership

a form of ownership in which two or more people own and run a business

Sole Proprietorship

Examples:
a business owned and run by own person

E-Commerce

Commercial trade of goods done electronically through the internet.
Shopify
ebay

Non-Profit

Where the owner and shareholders do not benefit financially from the profit.
Make-A-Wish
The Canadian Red Cross Society

Merchandising

The action of selling tangible goods at retail.
Urban Outfitters
LUSH

Service

An assistance/benefit provided that people are willing to pay for which does not result in a tangible product.
Boston Pizza
Royal Bank of Canada

Manufacturing

Business of producing tangible goods in big quantities.
a Doritos factory
a Mercedes Factory