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.
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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.
