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