TODAY’S PRESENTATION

TOPIC IS BUSINESS

WRITTEN BY ZARINA JATOI

Business types & forms of business

Contents:

1.1

What is business

1.2

Types of business

1.3

Forms of business

1.4

BUSINESS*Business is an

organization or economic system where goods and service are exchanged for one another or for money .

1. Service busines

s

2. Merchand

izing business

3. Manufacturing business

4. Hybrid busines

s

BUSINESS Business is an organization that uses economic resources or input to provide goods or services to customers in exchange for money or other goods and service .

Industry• Industry refers to

economic activities which are connected with conversion of resources into useful goods.

Commerce• Commerce includes

all those activities which are necessary for facilitating the exchange of goods and services.

Business

activities

BUSINESS•Any activity that seeks profit by providing goods & service .

TYPES OF BUSINESS

1. Service business 2. Merchandising business

MERCHANDIZING BUSINESS

3.MANUFACTURING BUSINESS

1.A service type of business provide intangible products (provide , with no physical form ),service types firms offers professional skills ,expertise advice and other similar products .example : school, bank univ, hair saloons

MERCHANDISING BUSINESS•This type of business buy products at whole sale price and sale the same at retail price .

MANUFACTURING BUSINESS•A manufacturing business buy products with the intention of using them as material in making in a new product .•“A manufacturing business combine raw material labor & factory over head in its productional process .

HYBRID BUSINESS Hybrid business are company that may be classified in more then one type of business A restaurant , for example: combines ingredients in making a fine meal ( manufacturing ) ,sells a bottle of wine cold ( merchandizing),these companies may be according to their major business interest .in that case , restaurant are more of the service type _they provide dining services.

HYBRID BUSINESS EXAMPLE

.

1.SOLE PROPRIETORSHIP A sole

proprietorship is a business owned by only one person it easy to setup and it is least costly among all firm of ownership .

2. PARTNERSHIP A partnership is a

business owned by two or more person who contribute resources into the entity the partners derived the profit of the business among them selves is.

A corporation is a business organization that has a separate legal personality from its owners ownership in a stock corporation is represented by shares of stock.

THANKU