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Types of Businesses. What is Business?. All the activities involved in producing and marketing goods and services Ex. Kroger, Ford. LARGE VS. DOMESTIC VS. PROFIT VS. PUBLIC VS. GOODS VS. SMALL GLOBAL NONPROFIT PRIVATE SERVICES. TYPES OF BUSINESSES. - PowerPoint PPT Presentation
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Types of Businesses
What is Business?
All the activities involved in producing and marketing goods and services
Ex. Kroger, Ford
TYPES OF BUSINESSES
LARGE VS.
DOMESTIC VS.
PROFIT VS.
PUBLIC VS.
GOODS VS.
SMALL
GLOBAL
NONPROFIT
PRIVATE
SERVICES
LARGE VS. SMALL
LARGE- Over 100 employees- Have many different
departments- Ex. Richs, Macys,
Ford, Chevrolet, Kmart, Wal-Mart
SMALL- Less than 100
employees- Small budgets and
staffs- 95% of U.S.
business- Ex. Florists, gift
shops, “Mom & Pop” stores
DOMESTIC VS. GLOBAL
DOMESTIC
- Buyers in
single country- Businesses who
stay only domestic face losing business
- **Zaxby’s
GLOBAL
- Exchange among nations
- Internet makes this easy
- **McDonalds
PROFIT VS. NONPROFIT
PROFIT- Earn a profit for the
business they conduct
- Biggest reason people start businesses
- Ex. Microsoft: $12 billion in 2000
NONPROFIT- Still hire employees
and pay expenses- All $$ left after
expenses goes to charity
- Ex. Boys/Girls Club,
American Red Cross
PUBLIC VS. PRIVATE
PUBLIC- Operate as
businesses do but do not intend to make $$
- Ex. Government agencies such as public schools and libraries
PRIVATE- All businesses not
associated with government agencies
GOODS VS. SERVICES
GOODS- Businesses that sell
goods
- Cars, food, clothing
- Ex. Gap, Publix
SERVICES- Businesses that
provides services
- Dry Cleaning, Car Repair
- Ex. Maaco, Hangers Dry Cleaning
CAN YOU FIGURE THESE OUT?
1) FORD Large or Small
2) LARRY’S EASY PAY Domestic or Global3) AMERICAN CANCER SOCIETYProfit or NonProfit4) WINDER-BARROW HIGH SCHOOLPublic or Private 5) TEXACOGoods or Services
The different types of businesses are…
LARGE SMALL
DOMESTIC GLOBAL
PROFIT NON-PROFIT
PUBLIC PRIVATE
GOODS SERVICES
Types of Business Ownership
Sole Proprietorship-owned by one person (76% of all businesses in U.S.)
Partnerships– General Partner– Limited Partner-liable up to investment
Corporations– C-corporation (corporation/shareholders pay taxes– S-corporation (taxed like a partnership-profits taxed at
personal tax rate)– LLC- simpler than a corp. protects owners from liability suits
See pg., 143 for comparisons
THE END!!!!