BUSINESS

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TYPES OF BUSINESS







A business is an organization where people work together. In a business, people work to make and sell products or services. Other people buy the products and services. ... A business can earn a profit for the products and services it offers. The word business comes from the word busy and means doing things.

There are three major types of businesses:
  • Service Business. A service type of business provides intangible products (products with no physical form). ...
  • Merchandising Business. ...
  • Manufacturing Business. ...
  • Hybrid Business. ...
  • Sole Proprietorship. ...
  • Partnership. ...
  • Corporation. ...
  • Limited Liability Company.
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