Categorii: Tot - franchise - partnership - corporation - sole proprietorship

realizată de Fatima Malik 5 ani în urmă

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Forms & Types of Business

Businesses can take various forms, each with distinct characteristics and examples. A corporation is a legally authorized entity with rights and responsibilities similar to an individual owner.

Forms & Types of Business

Floating topic

By: Fatima Malik and Aisvigaa Chuthagaran

Forms & Types of Business

Types

Non-Profit

Islamic Relief

Salvation Army

A non-profit business is not required to pay tax, and it is usually an organization formed for religious, charitable, literary, artistic or educational purpose.

E-Commerce

IKEA

Amazon

This is a business which involves buying and selling of goods over an electronic network. These business transactions are either business to business or business to consumer.

Manufacturing

RB & W Corporations of Canada

Tipco Inc

This business comprises of producing a product by hand or using a machine, and upon completion it is sold to customers. Items used in this business may be raw or components of a larger product.

Merchandising

Home Depot

Walmart

Merchandising is a business in which a product, good or service is promoted and marketed in a distribution chain. Distribution chains comprise merchandisers which purchase a product and sell it without altering it.

Services

Gossip Nails & Spa

Cargo Cabbie

Services marketing is any form of selling which doesn’t comprise of a physical product

Forms

Partnerships

Microsoft

Spotify

The partnership is when a business has two or more individuals who share the same management and profits.

Franchise

KFC

McDonalds

A government or a company authorized group or an individual which allows them to carry out a specified commercial activities.

Corporation

Google

Burger King

Ebay

What is it?

This is a business authorized by law to carry on an activity with the rights and duties of a single person. Corporations have a majority of the rights and responsibilities that an individual owner would have.

Sole Proprietorship
Examples

Hair Salons - Super Cuts

Catering Companies

What is it ?

Sole Proprietorship is one of the simplest and a straight forward business. It is a business where it is owned by a single person who is legally responsible for its debts