Page 12 - E-Magazine

TYPES OF BUSINESS

A business entity is an organization that uses economic resources or

inputs to provide goods and services to customers in exchange for

money or other goods and services.

There are three types of These type of business will

business which is service buy product at wholesale

business, merchandising price and sell it back to the

business and manufacturing customer at a mark up price

business. the first type of where the business can

business is service business. earn profits. it also can be

This type of business is a known as "Buy and Sell"

business that provide business. Lastly is the

intangible products such as manufacturing business.

salons, repair shops, Manufacturing business will

consultation and accounting buy products will the

firms. These type of intention to use them as a

business offers professional material to create a new

skills, expertise, advice and product. it will combine the

other similar products. The cost of labor, raw materials

second type of business is and overheads in the

merchandising business. production before selling it

to the customers.

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