Producer, Intermediary, or Service Business
Hair Salon
What is a Service Business?
Customers who buy products for their own use.
What is the consumer market?
A business owned and operated by a single individual.
What is a Proprietorship?
This form business has a maximum of 100 shareholders who are US citizens or residents.
What is an S Corporation?
This form of business is an agreement between 2 or more established organization, usually to pool resources to achieve a goal.
What is a Joint Venture?
Neds Knife Sharpening Business
What is a Service Business?
Customers who buy for use in a business.
What is the Business Market?
An association of 2 or more persons who co-owns a business.
What is a Partnership?
This form of ownership combines the benefits of a corporation with those of proprietorship and partnerships.
What is an LLC?
A business that purchases large quantities of products directly from producers and sells the products in smaller quantities to retailers.
What is a Wholesaler?
A car dealership
What is an Intermediary?
A public school buying supplies to operate the school.
What is the government/institutional market?
A business that is legally separate from its owners.
What is a Corporation?
A law firm or medical practice is most likely to have this type of business formation.
What is an S Corporation or an LLC?
People and businesses that sell the goods and services to end users.
What is an Intermediary.
An oil refinery
What is a Producer?
A hospital the buys medical equipment.
What is the government/institutional market?
This type of business must file articles of incorporation to form.
What is a Corporation?
This form of business is owned and operated by those who use its services.
What is a Cooperative?
The individual or group who buys products.
What is a Customer?
A farmers market
What is an Intermediary?
A company that provides payroll accounting services to other business is part of the _______.
What is the Business Market?
This describes ownership in a corporation.
What is share or stock?
The owners of this form of business are called members.
What is a cooperative?
A group of individuals who make high level management decisions for the business and establish company policies.
What is the Board of Directors?