av Raeesa Reza - Fairwind Sr PS (1159) för 4 årar sedan
235
Types & Forms of Business
Various types and forms of businesses each come with their own set of advantages and disadvantages. In service-based businesses like Netflix and Uber, the lack of physical inventory simplifies operations but convincing buyers of the need for the service can be challenging.
Co-operative or “Co-Op” type of organization that is both owned and controlled by members who also use services and products under cooperation
Franchise
Subway
Taco Bell
Franchise, a type of license that a party allows them to have access to a business’s proprietary knowledge, processes and trademark in order to allow party to sell product/provide service under the business’s name
Corporation
Dairy Farms
Grocery Stores
Private business organizations that are owned and controlled by people who use the services or good
Partnership
Louis Vuitton x BMW
Uber x Spotify
An arrangement between two or more parties that operate the business and share the profit among themselves.
Sole Proprietorship
Tutoring
Food Stands
A business where there is one owner and they receive the profiting of income and losses and is taxed. It is the simplest where one can manage a business.
Non-profit
Disadvantage: Will need time and money to start
Advantage: Eligibility for grants
Homeless shelters
Cafes
Organization for charitable purposes
E-Commerce
Disadvantage: usually needing a lot of inventory space
Advantage: no physical company setups
Wish
Amazon
Buying and selling of goods or services using the internet with the transfer of money
Manufacturing
Disadvantage: have to train workers to understand new system
Advantage: smoother production workflow
Kylie cosmetics
Tesla
Making goods with raw materials with hands or machinery to sell
Merchandising
Disadvantage: shortage on staff, as the business grows bigger more able bodied workers must be called in and payed
Advantage: there are increased sales by pricing, display, product packaging and arrangement
Mcdonalds
Walmart
Buying from manufacturers and selling themselves in a retail outlet
Service
Disadvantage: it may take time to convince
the buyer that they need the service
Advantage: there is no inventory
Netflix
Uber
A transaction where no physical goods
are given/taken