Types of Businesses

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Types of Business and Forms of Business Ownership By: Abid Istwani, Ayaan Mohammed

por AI - 10ML - Rick Hansen SS (2542)

ML Internaional (Micro Surgical company)

por Luqman Nazeer

VO Gigs 2021

por Pietro Bonomo

Merchandising

por Daniela Pernett

Types of Businesses

Partnership

Examples: Apple Hawlett Packard (HP)

Definition: A legal business formed by two or more people who share management and profits.

Corporation

Examples: Ford Adidas

Definition: Type of business that is separate and distinct from its owners. Corporates are owned by their stockholders.

Merchandising

Purchase of finished goods to resell them

Calvin Klein

Wal-mart

E-Commerce

Franchise

Examples: KFC Burger King

Definition: A business owner by an entrepreneur or entrepreneurial group, offering a product or service labeled by a corporation.

Manufacturing

Sole Proprietorship

Examples: Green Thumb Landscaping Canada Computers & Electronics

Definition: Type of business entity owned by one person. The owner is in charge.

Non-Profit

tax-exempt organization formed for religious, charitable, literary, artistic, scientific, or educational purposes.

The Red Cross

Co-Operative

Examples: Farmers of North America Auto Club Enterprises

Definition: A firm owned, controlled, and operated by a group of users for their own benefit.

Service

A service done by one or more experts

Kumon

Rick Henson secondary school