A
BONUS
+20 POINTS
A for-profit business or organization started and run by an entrepreneur.
Enterprise
PENALTY!
-20
What type of business that provides intangible products or services to customers.
SERVICE
An unincorporated business with only one owner who pays personal income tax on profits earned.
Sole Proprietorship
A formal arrangement between two or more parties to manage and operate a business and share its profits.
What type of business that engages in more than one type of business, including manufacturing, merchandising, and services.
Hybrid Business
A flexible business type that combines aspects of both partnerships and corporations and offers personal liability protection
A "buy and sell" business that makes a profit by selling products at prices higher than their cost price.
Merchandising business
Name the different types of enterprise according to the size.
Micro enterprise, small enterprise, medium enterprise, and large enterprise.
Name the four types of enterprise based on their activites.
Manufacturing, merchandising, service, and hybrid.
A legal entity created by individuals, stockholders, or shareholders for the purpose of operating for profit
Corporation
A business that produces goods by using raw materials, machinery, and labor.
MANUFACTURING BUSINESS
BONUS
+20 POINTS
Primary purpose of a business.
To produce goods
To satisfy customer wants and needs.
To add value
These are some examples of what type of enterprise?
A chain of laundry shops, printing press, restaurant, etc.
Small Enterprise
These are the example of what type of enterprise?
International mobile phone companies, multinational automotive manufacturing companies, etc.
Large enterprise
These are the examples of what type of enterprise?
Manufacturing companies, construction companies, service providers, etc.
Medium Enterprise
These are the examples of what type of enterprise?
Street vendors, food stalls, sari-sari stores, etc.
Microenterprise
BONUS!
+30 POINTS
Businesses involved in processing raw materials into outputs.
Secondary Sector
PENALTY
-30 POINTS
Businesses involved in extracting or harvesting products from nature.
PRIMARY SECTOR
The intellectual-based service sector that involves technology, information, financial planning, research, and development.
Quaternary Sector
Businesses involved in providing services to businesses and the general public.
Tertiary Sector