Business

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Types of Business

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5 Types and Forms of Business Ownership

https://www.mindomo.com/mindmap/business-80e4d8bf46294c11aca28d2b0bbc478c

Non-Profit

This is not to make profit this is used for charity or to make money for a certain thing like scientific or religious purposes

E-Commerce

This is a online business that sells its products online

Example : Ebay

Example : Amazon

Manufacturing

This company makes there products from scratch and sells there products to merchandising company's.

Apple makes electronics and sells it to stores.

Volkswagen is an example they make there own cars and sell it to dealerships.

Merchandising

This business buys products in bulk from manufacturing companies and sells them.

A type of example would be bulk heaven

A type of example would be bulk barn

Service

This doesnt not deliver a physical product but instead does the work for you

Example : Bodyguard

Example : Accountant

Subtopic

Co-operative

An autonomous association of people united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.

(Cooperative Group of Supermarkets)

(Farm Supplies Company)

Franchise

A franchise is a legal and commercial relationship between the owner of a trademark, service mark, brand name or advertising symbol and an individual or organization wishing to use that identification in a business.

Corporation

A group of people that act as a single entity and recognized as such in the law.

Partnership

When two or more 'partners' own and run a business

Sole Proprietorship

A sole proprietorship is when a single person runs a business, and legally the owner is one with the business.

(Paid Landscaper)