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There are three main types of businesses: service companies which focus on providing intangible products like professional skills; merchandising companies which buy and sell goods, including retailers that sell directly to customers and wholesalers that sell to retailers; and manufacturing businesses that create new products by processing raw materials. Some hybrid businesses can be classified under more than one type, such as a bakery that combines manufacturing bread, merchandising pastries, and serving coffee.
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Untitled Presentation.pdf
- 1. TYPES OF BUSINESS ACCORDING TO ACTIVITIES
- 2. BUSINESS • •is an organization that converts inputs or recources such as • material,labor,and overhead into outputs which are usually • either goodsor services
- 3. 3 TYPES OF BUSINESS
- 4. 1.) SERVICE COMPANIES • •FOCUS ON PROVIDING INTAGBLE PRODUCTS SUCH AS PROFESSIONALSKILLS,PROPOSAL,AND EXPERTISE
- 5. 2.)MERCHANDISING COMPANIES • •IS COMMONLY USE AS THE "buy and sell" BUSINESS
- 6. a.) Retailer b.)WHOLESALER TYPES OF MERCHANDISING COMPANIES • •COMPANY THAT SELLS GOOD • DIRECTLY TO CUSTOMER • •COMPANY THAT SELLS GOOD TO RETAILER
- 7. 3.)MANUFACTURING BUSINESS • •IS THE TYPE OF BUSINESS WHERE IN MATERIALS ARE BOUGHT TO CREATE A NEW PRODUCT
- 8. HYBRID BUSINESS BUSINESSES THAY MAYBE CLASSIFIED UNDER MORE THAN ONE TYPE OF BUSINESS
- 9. ADDITIONAL INFORMATION • •THERE ARE BUSINESS THAT MAY BE CLASSIFIED MORE THAN TYPES OF BUSINESS.A BAKERY for example,COMBINES RAW MATERIALS IN MAKING LOAVES OF BREAD (manufacturing)SELLS HOT PANDESAL (merchandising) AND CATERS CUSTOMERS ORDERS IN SMALL COFFEE TABLE SERVINGS OF ENSAYMADA AND HOT COFFEE (service)
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