1. The document discusses different types of businesses including manufacturing, services, and retailing. 2. Manufacturing involves converting raw materials into finished products. Services involve using skills or expertise. Retailing involves selling goods directly to consumers. 3. Businesses are also classified by their scale and ownership structure. Large manufacturers use more resources while small scale operations are more localized. Sole proprietorships are owned by one person while partnerships have multiple owners.

1. Let
us
Pray.

2. Good
Morning!

4. Drill Time!

5. Direction: Match Column A to Column B
Column A Column B
___1. Willingness to take risk a. get their interest in the product
___2. Managerial ability b. thinking not only of the
present but
of the future as well
___3. Diplomacy c. entrepreneurs possess
the
adventurous spirit assuming the risks
and converting risks
into success
___4. Foresight d. systematic person

8. Different
Types of
Business

9. What ?
What are the different types of Business
How ?
How to classify the different types of business ?
Why ?
Why business is Important ?

10. Technical Terms

11. Business
A Commercial or industrial
enterprise
Process
A series of operations directed
toward a result such as a product

12. Cottage industry
a manufacturing business in a house or
similar place.
Micro
Very small

13. Skill
a mastery of a trade or craft
Trade
An occupation, vocation, or work

14. Craft
an occupation requiring a special
skill

15. Types of Business

16. 1. Manufacturing
Is the process whereby raw materials is undergo
some processor until they are converted into
finished products.
2. Services
Services are those offered by persons who are
skilled in a trade or craft. In the service business,
a person or organization makes use of a skills or
expertise in a specific field or area

17. 3. Retailing
It refers to all forms of selling goods directly to
the consumer. The consumers are you and me
and the families in the community. In retailing the
seller sells his/ her good or merchandise to earn a
profit and give service to the buyer.

18. Forms of Business

19. 1. Sole Proprietorship
Is a business owned by only one person.
2. Partnership
Is a business owned by two or more persons who contribute
resources into the entity.
3. Cooperative
Is a business organization owned by a group of individuals and
is operated for their mutual benefits.

20. Classification of Business

21. Manufacturing
a. Household industries or cottage manufacturing
The workers or artisans use local raw materials and simple hand tools
to produce daily use goods in their houses with the assistance of their
family or part-time job. Finished products can be used for
consumption in the same household or, for sale in local markets, or
used as barter.
b. Large Scale Manufacturing
Large scale production involves a large market, several raw
materials, tremendous energy, specialised operators, superior
technology, large capital and assembly-line mass production.

22. c. Small Scale Manufacturing
Small scale manufacturing is distinguished
from household industries by its production
techniques and place of manufacture (a workshop
outside the home or cottage of the producer). This
type of production uses local raw material, easy
power-operated machines and semi-skilled workers.
It provides employment and promotes regional
purchasing power.

23. Service
a. Health and Care - These are provided in hospitals, health clinics, nursing home,
orphanages, health insurance, fitness Centers, massage, and rehabs clinics
b. Trade – these are services offered by trading companies who buys good in whole
sales and sells in retailers.
c. Transportation – These are services offered by public transport
d. Education – these are services offered by schools
e. Communication – These services offered by telephone and mobile phone
companies, by television and radio stations, by internet, computers, post office,
magazines, newspapers, and other print media.
f. House Hold Services – these are service given by carpenters, plumbers, electricians,
masons, painters, gardeners, housemaids, and different repair shops.

24. g. Utilities – these are services provided in every household, which includes water,
electricity, and garbage collection.
h. Professional Services – these are services provided for by accountants,
architects, engineer, interior designers, and Professional reviewers, in review
classes for board or licensure examination.
i. Food Services – these include catering services, food services, in hotels,
restaurants, canteens, cafeterias, and other food outlets.
j. Legal Services – these are services provided by lawyers in court cases, notary
public, preparation of legal documents, and legal consultations.
k. Beauty Care – These are services offered by beauty parlors, cosmetic, and
surgery clinic, massage and spa clinics, barber shops, and facial centers.
l. Real Estate – these are services provided by real estate agents in the sale of lots,
houses, or house and lots.
m. Medical Services – these are services provided by doctors, nurses, physical
therapist, and other medical practitioner.

25. Retailing
a. General Stores:
These are set up in residential areas.
They stock all kinds of products needed by local residents for their daily
use.
They remain open for long hours at convenient timings.
They provide credit facilities to regular customers if required.
b. Specialty Stores:
They are located in central place in each locality. They generally
specialise in a single type of product instead of dealing in different lines
of products.

26. A few examples of them are:
(a) Stores dealing in children’s garments only.
(b) Stores dealing in educational books only.
c. Street Stall Holders:
They are located at the street crossings or on the main roads.
They setup their stalls by fixing shelves on a wall or placing a table or making a platform to
sell and display goods.
They sell low priced goods such as pens, magazines, cheap hosiery items etc.
d. Second-Hand Goods Shops:
They deal in used goods like clothes, books, furniture etc.
Persons with modest means purchase goods from such stores.
They store rare articles such as old postage stamps and antique items and sell them at
higher prices.
e. The most common type of large scale retailers are as follows:
a. Departmental stores
b. Multiple shops chains stores
c. Mail order retailing
d. Consumer Co-operative store

27. Our topic is all about……

28. What ?
What are the different types of Business
How ?
How to classify the different types of business ?
Why ?
Why business is Important ?

29. Reminder:
Please Review
*Meaning and Importance of
Entrepreneurship
*The Qualities of a successful
Entrepreneur
*Different Types of Business
(short quiz 25 Items on Sept. 14,2021)