Forms of Buniness
service
sells services to costumers for peofit
Merchsndising
Add text
Non-profit organizations dont work for a profit
E-commerce an online store that sells goods to costumers
Manufacturing creates and builds their own product then sells it to costumers
buys and then resells goods to constumers
TYPES OF BUSINESS
Co-operative
Co-operatives are community-focused businesses that balance people, planet and profit.
Easier Sources of FinancingCooperative Economy
No Quick Response to Market ChangeDifficulty Finding Additional Needed Funding
Do it Best.Dairy Farmers of America
Franchise
what it is
A franchise is a type of license that grants a franchisee access to a franchisor's proprietary business knowledge, processes, and trademarks, then allowing the franchisee to sell a product or service under the company business name. In exchange for acquiring a franchise, the franchisee usually pays the franchisor an initial start-up fee and annual fee.
A Proven System Help Getting Started
Limited Control and costs
Mcdonalds KFC
Corporation
What is it ?
A corporation is a business that is owned by its shareholders.
personal liability protection, business security
time-consuming subject to double taxation
Sole proprietorships.Limited liability companies
Partnership
What it is?
An unincorporated business structure with two or more parties form and own together parts of the company that is called a partnership
A potential to gain wider access to knowledge and expertise from partners.Infusion of capital is easier than other business structures
Disadvantage
Disagreement Losing a partner
Deloitte,PwC
Sole Proprietorship
What is it?
The sole proprietorship is the simplest and most popular form of ownership. This form of business ownership is designed for a business owned and managed by one individual.
Advantages
Less paperwork to get started.Easier processes and fewer requirements for business taxes.
Disadvantages
Unlimited personal liability.Higher tax burden.
Examples
Bakers Chef
