Businesses
Types of Businesses
Services
An action, deed or effort given to the public to satisfy needs and wants.
Tutors they offer to help students with their schoolwork
Subtopic
Self Defense Instructors teach the skill of self defense to those which buy their services)
Schools as they provide the service of education to students and receive payment from government or parents)
Ecommerce
Selling an item or product online
Ebay
Amazon
Non-Profit
A business usually made to help others or a viewpoint and not have their main objective to make a profit.
Me2We
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Red Cross
Churches
Merchandising
Canadian Tire
Lowes
WalMart
Manufacturing
The action of promoting the sale of goods in a retail environment.
IBM
Volkswagen
General Motors
Forms of Business Ownerships
Co-operative
A group of individuals that have the power to determine how their business is run.
Nationwide Mutual Insurance Company
Groupe Caisse D’Epargne
Crédit Agricole Group
Franchise
A franchise is a set business where the owners then sell the rights to their business to a 3rd party who use the same logo, name, and product. The original owners are called franchisors and the 3rd parties are franchisees.
Subway
McDonalds
Popeyes
Corporation
A business which is run by people who invest their money into the business which makes them own a certain % of it. They are oftenly called shareholders.
Burger King
7-11
adidas
Partnership
It is when two or more people agree on becoming co owners of a business.
Bmw + Montblanc
Spotify + Starbucks
Apple + Hermes
Sole Proprietorship
A sole proprietorship is a simple form of business ownership which gives 100% of ownership to one individual.
Tutors- Run their own business and own all of it
Local barbershops run by one person(Menzone Barbershop)
Small Authors(self employed)
