Types of Businesses and Business Ownerships

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5 TYPES AND FORMS OF BUSINESS OWNERSHIP

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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.