3 Business types and 4 ownership types with examples in parentheses
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Created by Samantha Mendez
over 3 years ago
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Close
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Created by Samantha Mendez
over 3 years ago
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provides a needed service for a fee
(dog walking)
buys finished products and resells them to individuals or other business
(department stores)
buys raw materials, uses labor and machinery to transform them into finished products, sells them to individuals or other businesses
(Factories)
business owned by one person
(small, privately owned business)
business owned by two or more people who agree to operate a business
(Google; started by Larry Page
and Sergey Brin)
business recognized by law to
have a life of its own
(Coca-Cola)
where the owners are not personally liable for the company's debts or liabilities. A combination of a corporation and sole proprietorship or partnership
(Amazon)
Person who forms ideas for products or services into real-world businesses; may be a small business owner
( Bill Gates; co-founder of Microsoft)
