Business Types and Forms of Ownership
1: Non-Profit, Franchise, Merchandising, Partnership, Co-operative, E-Commerce Input 2: Different business types include non-profits, franchises, merchandising, partnerships, co-operatives, and e-commerce enterprises.
Business Types and Ownership
Co-operative
A company that is run by a group of businesses. Purpose is to compete against larger companies.
Federated Co-operatives Limited
Coopérative Fédérée du Québec
Franchise
A company in which the owners, sell the rights to their business to third party operators
Subway
Starbucks
Corporation
A business that run by a group of shareholders that invests in a company
Samsung
Adidas
Partnership
Is a business that is created between two or more people
McDonalds
Ben and Jerry's
Sole Proprietorship
Non-Profit
Goods, services, donations or sponsorships that make a profit are provided to help the community
World Wildlife Foundation
Bill and Melinda Gates Foundation
E-Commerce
Makes a profit from selling products for a retail price (to consumers) online that is less than the wholesale price
E-bay
Amazon
Manufacturing
Buys raw materials and uses labour/ technology to transform them into products to sell
Pepsi
General Motors Corporation
Merchandising
Makes a profit from selling products for a retail price (to consumers) that is less than the wholesale price
Corner/Convenience Store
Costco
Service
Provides professional skills, advice or labor
Bank
School
