TYPES OF BUSINESS - CHARACTERISTICS

WHICH ARE THE SIX TYPES OF BUSINESSES FOR BUSNIESS CHARATERISTICS?

• producers ​

  processors​

  manufacturers​

  intermediaries​

  service firms​

  non-profit organizations

• Sole proprietorship.

  Partnership.

  LLP.

  LLC.

  Series LLC.

  C corporation.

DEFINE PRODUCERS

• Change raw goods into a more finished form

• Change raw or processed goods into finished goods​

• Develop products for distribution from raw goods​

DEFINE PROCESSORS

• Change raw goods into a more finished form​

• Provide services to consumers and other businesses

• Are referred to as the middleman​

  Move finished goods from one business to another

DEFIN​E Manufacturers

• Develop products for distribution from raw goods​

• Change raw or processed goods into finished goods

• Provide services to consumers and other businesses​

DEFINE Intermediaries

• Provide goods and services to businesses and individuals​

  Operate on donations, volunteers and philanthropists rather than income/profit​

• Are referred to as the middleman​

  Move finished goods from one business to another​

  Buy, store and resell goods​

• Develop products for distribution from raw goods​

DEFINE Service Firms

• Provide services to consumers and other businesses

• Provide goods and services to businesses and individuals​

• Change raw or processed goods into finished goods​

DEFINE Non-profit Organizations

• Buy, store and resell goods​

• Operate on donations, volunteers and philanthropists rather than income/profit​

• Develop products for distribution from raw good

WHICH IS AN EXAMPLE OF PRODUCERS?

• farming

• clothing factories

• plumbing ​companies

WHICH IS AM EXAMPLE OF SERVIVE FIRMS

• Salvation Army®​

• beauty salons

• textile mills

WHICH IS AM EXAMPLE OF INTERMEDIARIES?

• wholesalers​

• mining

• wholesalers​