Types of Businesses
Different types of businesses operate under various structures to serve distinct purposes and offer diverse services or products. Co-operatives are owned and managed by a group of users for mutual benefit, such as the Farmers of North America.
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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