Module 2

Module 2

TYPES OF BUSINESS ACCORDING TO BUSINESS ACTIVITIES

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Bruno's Barber Shop

• by providing services

• by selling goods

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Clean Ko Place Mo Cleaning Services

• by providing services

• by selling goods

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Turo Mo, Tusok Ko Fish Ball

• by providing services

• by selling goods

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Tutorial Services

• by providing services

• by selling goods

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Cut and Face Parlor

• by providing services

• by selling goods

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Fish Be With You Fish Shop

• by providing services

• by selling goods

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Manila Hotel

• by providing services

• by selling goods

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Susan's Roses Flower Shop

• by providing services

• by selling goods

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Wash Your Problem Laundry Shop

• by providing services

• by selling goods

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Bread Pit Bakery

• by providing services

• by selling goods

MAJOR TYPES OF BUSINESS

• SERVICE COMPANIES

• MERCHANDISING COMPANIES

• MANUFACTURING CONMPANIES

SERVICE COMPANIES

Firms that generally use their employees to provide intangible products or services to customers. These services include professional skills, advice, expertise, and other related products.

OPERATING CYCLE OF  SERVICE COMPANIES

MERCHANDISING COMPANIES

• Sells tangible products. This type of business buys finished or almost finished goods from their suppliers and resell the same to customers. 

• Primarily earn revenues from the sale of goods of merchandise (sales revenue or sales)

TYPES OF MERCHANDISING COMPANIES

• RETAILER - sells goods directly to customers.

• WHOLESALER - sells goods to retailers.

OPERATING CYCLE OF MERCHANDISING COMPANIES

MANUFACTURING COMPANIES

buy materials, convert them into products, and then sell the products to other companies or to the final consumers. 

OPERATING CYCLE OF MANUFACTURING BUSINESS