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Categories:
All
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franchise
-
partnership
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co-operative
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corporation
by
Lillian miao
4 years ago
392
Business Diagram
Various business types and ownership forms each have unique structures and advantages. Partnerships involve multiple parties sharing legal responsibilities and profits, exemplified by companies like Louis Vuitton and BMW.
Open
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Types of Business and Forms of Business Ownership
Non-profit
Unicef
Red Cross
shareholders does not financially benefit
business that makes no profit
E-commerce
Amazon
Ebay
goods or services brought to the customers online
Merchandising
Shoppers Drug Mart
Walmart
purchase made goods then resells them
Manufacturing
Canada Goose
Levi's
could be sold straight to customers or sold to other businesses then resold
turns a raw material into a product
Service
Bell
Uber
provides services to client
Co-operative
Canadian University Press
Costco
a private business or organization
non-profit business type
a business controlled and owned by the members
Franchise
Krispy Kreme
Mcdonalds
a strategy to expand a business
rights to sell their products
individual entrepreneurship that uses a larger companies brand and logo
Corporation
Apple
Microsoft
business is legally separate from the shareholders
business controlled by board of directors
Partnership
Louis Vuitton and BMW
Spotify and Uber
members share legal responsibilities and profit
a business managed by two or more parties
Sole Proprietorship
Examples
small bakery
small art studio
Definition
owned and run by a person
one person is legally responsible for the business
an individual entrepreneurship