Business Types and Ownership
Service
Provides professional skills, advice or labor
School
Bank
Merchandising
Makes a profit from selling products for a retail price (to consumers) that is less than the wholesale price
Costco
Corner/Convenience Store
Manufacturing
Buys raw materials and uses labour/ technology to transform them into products to sell
General Motors Corporation
Pepsi
E-Commerce
Makes a profit from selling products for a retail price (to consumers) online that is less than the wholesale price
Amazon
E-bay
Non-Profit
Goods, services, donations or sponsorships that make a profit are provided to help the community
Bill and Melinda Gates Foundation
World Wildlife Foundation
Sole Proprietorship
A business that is only run by 1 person
Lawn Mower Service
Nail Salon
Partnership
Is a business that is created between two or more people
Ben and Jerry's
McDonalds
Corporation
A business that run by a group of shareholders that invests in a company
Adidas
Samsung
Franchise
A company in which the owners, sell the rights to their business to third party operators
Starbucks
Subway
Co-operative
A company that is run by a group of businesses. Purpose is to compete against larger companies.
Coopérative Fédérée du Québec
Federated Co-operatives Limited