5 types Businesses
Various business types operate with distinct purposes and methods. Merchandising businesses, also known as distributors, buy goods from producers and sell them to consumers, aiming for profit.
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5 types Businesses 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
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
SERVICE BUSINESS makes a profit by doings tasks for other businesses or consumers Example #1: banking Example #2: education
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
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
