TYPES OF BUSINESS

Types of business organisations Manufacturing business

• Uses raw materials to produce a
finished good
• Either sold directly to its customer
of to other manufacturers who will
use the product
➢ Company ➢ Example; Service business
✓ May be able raise Ford • Provides intangible
additional funds by Sony products such as
selling shares in the accounting, consulting,
➢ Partnership Trading business
✓
corporation
The ability to raise ✓ Limited ability • One of the most common
cleaning, transportation
➢ Example
types business
funds may be
increased
✓ Ownership is • They purchase finished
Miway
WestJet
transferable products and resell them to
✓ Start-up costs are customers for a profit
shared equally with you ➢ Example;
and your partner McDonalds
✓ Equal share in the NUREEL AIN BINTI AHMAD NIZAM
management and 231220772
profits 21D