Types of Business forms and businesses

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Businesses

Types of Businesses

Services

An action, deed or effort given to the public to satisfy needs and wants.

Tutors they offer to help students with their schoolwork

Subtopic

Self Defense Instructors teach the skill of self defense to those which buy their services)

Schools as they provide the service of education to students and receive payment from government or parents)

Ecommerce

Selling an item or product online

Ebay

Amazon

Non-Profit

A business usually made to help others or a viewpoint and not have their main objective to make a profit.

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Red Cross

Churches

Merchandising

Canadian Tire

Lowes

WalMart

Manufacturing

The action of promoting the sale of goods in a retail environment.

IBM

Volkswagen

General Motors

Forms of Business Ownerships

Co-operative

A group of individuals that have the power to determine how their business is run.

Nationwide Mutual Insurance Company

Groupe Caisse D’Epargne

Crédit Agricole Group

Franchise

A franchise is a set business where the owners then sell the rights to their business to a 3rd party who use the same logo, name, and product. The original owners are called franchisors and the 3rd parties are franchisees.

Subway

McDonalds

Popeyes

Corporation

A business which is run by people who invest their money into the business which makes them own a certain % of it. They are oftenly called shareholders.

Burger King

7-11

adidas

Partnership

It is when two or more people agree on becoming co owners of a business.

Bmw + Montblanc

Spotify + Starbucks

Apple + Hermes

Sole Proprietorship

A sole proprietorship is a simple form of business ownership which gives 100% of ownership to one individual.

Tutors- Run their own business and own all of it

Local barbershops run by one person(Menzone Barbershop)

Small Authors(self employed)