5 types Businesses

Merchandising (Retail) Business

makes profit by selling goods, buys the goods they sell from other producers. and sell the goods to consumers. Also known as distributors.

Example: Walmart

Example: EB Games

Non - Profit Organizations

does not make any profit, their goal/purpose is to meet the needs of the community.

Example: United Nations

Save the Children

SERVICE BUSINESS

makes a profit by doings tasks for other businesses or consumers

Example #1: banking

Example #2: education

Manufacturing Business

makes a profit by building products from raw materials that are sold to distributors ans consumers.

Example #1: Vehicles

Example #2: Baked goods

E-commerce/E-business

buying and selling of goods via the internet (electronic network), it can also be an transmitter of funds or data.

examples: Ebay

Example: Amazon