This document discusses different types and forms of business. It defines business as an organization that exchanges goods and services for money. The main types of business discussed are service businesses, merchandising businesses, and manufacturing businesses. Service businesses provide intangible products like professional skills, merchandising businesses buy and resell products, and manufacturing businesses combine raw materials to make new products. Hybrid businesses combine multiple business types. The common forms of business ownership discussed are sole proprietorships, partnerships, and corporations.

1. WRITTEN BY ZARINA JATOI

2. Business types
& forms of
business

3. Contents:
1.1 What is business
1.2 Types of business
1.3 Forms of business
1.4

4. BUSINESS
*Business is an organization
or economic system where
goods and service are
exchanged for one another or
for money .
1.
Service
business
2.
Merchandiz
ing
business
3.
Manufacturing
business
4. Hybrid
business

5. 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 .

6. 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

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

8. 1. Service business 2. Merchandising business

11. 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

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

13. •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 .

14. 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.

17.  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 .

18.  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.

19.  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.