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Types of Businesses and Business Ownerships

There are various structures and forms of businesses that cater to different operational needs and ownership models. Sole proprietorships are the simplest, owned by one individual, while partnerships involve two or more parties.

Types of Businesses and Business Ownerships

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Types of Businesses and Business Ownerships

Examples

Khan Academy

Rogers

Amazon

McDonald's

Costco

Starbucks

Business Ownerships

Co-operative : Managed by members and employees; everyone is active in roles of management

Franchise : an expansion of business allowed from the side of the owner/franchiser

Corporation : exists separately but still functions the same as other businesses

Partnership : two or more parties coming together to form a business

Sole Proprietorship : Simplest form of business (one individual ownership)

Business

Non-Profit : Provide consumers with the things that they need in order to survive.

E-Commerce: Buying and selling goods and services, or the transmitting of funds or data through WiFi.

Manufacturing : Using components, parts or raw materials to make finished products.

Merchandising : Business of buying finished products and reselling them.

Services : Provides people with resources to fulfill their needs or wants.