Types of Businesses

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

Szerző: AI - 10ML - Rick Hansen SS (2542)

Mergers and acquisitions

Szerző: Davydov Alexey

JAVA PROGRAMMING

Szerző: Andres Franklin Farinango Aguas

Vector graphics terminology

Szerző: JUAN MUNOZ

Manufacturing

HP

Apple

manufacturing business help boost the GDP drastically

manufacturing business are the oldest type of business

A manufacturing business takes raw, fresh resources/materials and turns them into a product (good) you can sell.

must have skilled workers

keeping up with trends

Need a lot of money to begin

creating jobs

innovation

higher profit

Merchandising

increase customer satisfaction + loyalty

Walmart

Amazon

features of this business: packaging, branding and labeling

visuals matter a lot in merchandising

the process of promoting/highlighting goods

higher sales

Attracts customers

A merchandising business is a company that buys products and resells to the public, which could be online or in person. Merchandising businesses focus more on goods rather than services.

competition

Subtopic

space limitations

expenses

high demand on certain products

Non-Profit

Greenpeace

Women's Refugee

most non profit don't have to pay taxes to ensure they don't have to pay income tax on revenue

main goal is to serve the community (charitable or social problem)

A non-profit organization is an organized group of people working together knowingly, without gaining income

employee benefits

can exist forever

protected from any liabilites

no profit

time and money to begin

overworked, heavy labour employees

Disadvantages

E-Commerce

Examples!

Shopify

Alibaba

e-commerce is expected to earn 5.42 trillion USD in sales each year

this industry is growing by 23% year after year

estimated that 95% of the future purchases will be made online by 2040

eBay

An ecommerce business is the trading/selling of products (goods and services) online

price comparasions

online scam

cost of shipping

security risks online

technical difficulties

Many competitors

large target audience

increased sales

convenient

Efficient buying process

Advantages

Service Business

Personal Gym Trainer

Travel Agencies

86%, good customer service turns one-time clients into long term brand champions

provides services to customers to make their lives easier

Extra Information

Hair Salons

Examples!

A service business provides a professional service, or labour composed of an expert team that works together to complete a task.

Adaptability to trends in the market & customer demand

Customer relationship

Disadvantages

Manual Labour

Relies on human resources

Competition

Labour Costs

Cost efficiency