Show:
Types of Business Ownership
Advantages
Disadvantages
Types of Businesses
Functions of Businesses
100
Does not pay taxes

Nonprofit

100

Banks are more willing to loan money 

Partnerships

100

Income is taxed twiced

Corporation

100
Makes a finished products out of processed goods

Manufacturers 

100

Process of planning, pricing, promoting, selling, and distributing ideas, goods and services 

Marketing 

200
Difficult to start because they must be registered by a state and operate apart form its owners

Corporation

200
Easy to start, might only need a license 

Sole Propritorship

200

Owner has unlimited lability

Sole Proprietorship

200
Gathers raw goods, Example: Agriculture

Producer 

200
Buying and reselling goods that have already been produced

Procurement 

300

Owner must give part of the profits to the partent company

Franchise

300

Operated by its members

Cooperative

300

Partners share business risk

Partnership 

300

Business that moves goods form one business to another

Intermediary 

300

Process of achieving company goals by planning, organizing, leading, controlling, and evaluating the effective use of resources

Management

400

3/4 of all businesses in the United States

Sole Proprietorship

400

Limited liability holds a firm's owners responsibly for no more than the capital that they have invested in it.

Corporation 

400

Not making a profit

Nonprofit 

400

AKA distributer

Wholesalers

400

Business or art of managing money

Finance 

500

Organization that is owned and operated by its members

Cooperative

500

Offers a well-known name and a business plan

Franchise 

500

Invest money and pay fees or a share of the profits

Franchise 

500

Purchases goods from a wholesaler and sells them to consumers

Retailer
500

Maintaining and checking records, handling bills, and preparing financial reports for a business

Accounting