5 Types of forms and Businesses

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5 Types of forms and Businesses

Forms of Buisnesses

Franchising

Is a business model when a company buys the rights to operate a business using the branding and products of a real company. They pay to use the brand

Sole Proprietorship

A sole proprietorship is a business owned by an individual entrepreneur. It is also easier to make a sole proprietorship business, but you are fully responsible for your buisness

Co-operative

businesses owned by member-owners. Co-ops are democratically controlled by their member-owners, and unlike a traditional business each member gets a voice in how the business is run.

Partnership

A partnership is an agreement where parties agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals or businesses

Corporation

A corporation is a legally established business. It can with be individually run or run by a group of people. Corporations possess many of the same legal rights and responsibilities as individuals. They have a limited liability aspect of a corporation.

Types of businesses

Merchandising

Merchandising businesses are companies that buy products and then resell them to consumers. A example of a merchandising business is your normal grocery store.

Service

A Service is a type of business which provides a service for the customers. A example of a service business is a barbershop.

Subtopic

B.y Rayyan

E-commerce

E-commerce is a business which buys and sells goods entirely online. A example of this is temu.

.

Manufacturing

Manufacturing is a type of business which creates the product and sells it to merchandising. A example of a manufacturer business is bakeries.

Non-profit

An organization that operates for a purpose other than making a profit for its owners. They usually give it all away. an example of a non-profit business is UNICEF