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Business: Meaning of Business and
Types of Businesses
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Today
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What is a Business
Type of businesses
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For Profit
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Private
Public
Publically owned
Crown Corporations
Cooperatives
Not For Profit
What is a Business?
A business is a legally recognized organization
designed to provide goods or services, or both,
to consumers, businesses and governmental
entities.[1]
source: Wikipedia
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What is the meaning of the word
Business?
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archaic : purposeful activity : BUSYNESS
The original meaning of "business" relates to the state
of being busy either as an individual or society as a
whole, doing commercially viable and profitable work.
** source: Wikipedia
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What is the meaning of the word
Business?

The term "business" has at least three usages,
depending on the scope — the singular usage to mean
a particular company or corporation, the generalized
usage to refer to a particular market sector, such as
"the music business" and compound forms such as
agribusiness, or the broadest meaning to include all
activity by the community of suppliers of goods and
services.
source: Wikipedia
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Market Sectors
The term market sector is used in economics
and finance to describe a set of businesses
that are buying and selling such similar goods
and services that they are in direct competition
with each other.
source: Wikipedia
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Market Sectors
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Retail:
Financial:
Insurance:
Manufacturing:
Service:
Education:
Health:
Transportation:
Real estate
Etc.
Types of Businesses
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For Profit
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Private
Public
Publically owned
Crown Corporations
Cooperatives
Not for profit or non profit (NPO)
For Profit Businesses
A business is typically formed to earn profit that
will increase the wealth of its owners and grow
the business itself. The owners and operators
of a business have as one of their main
objectives the receipt or generation of a
financial return in exchange for work and the
acceptance of risk.” *
*source: Wikipedia
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Privately held Business
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A privately held company is a company owned either
by non-governmental organizations or by a relatively
small number of shareholders or company members
which does not offer or trade its company stock
(shares) to the general public on the stock market
exchanges, but rather the company's stock is offered,
owned and traded or exchanged privately.
source: Wikipedia
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Types of Privately owned
companies
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Sole proprietorship: A sole proprietorship is a
business owned by one person. The owner
may operate on his or her own or may employ
others. The owner of the business has total
and unlimited personal liability for the debts
incurred by the business. This form is usually
found in small businesses.
source: Wikipedia
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Types of Privately owned
companies
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Partnership: A partnership is a form of
business in which two or more people operate
for the common goal of making profit. Each
partner has total and unlimited personal liability
for the debts incurred by the partnership. There
are three typical classifications of partnerships:
general partnerships, limited partnerships, and
limited liability partnerships.
source: Wikipedia
Types of Privately owned
companies
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Corporation: A corporation is a for-profit,
limited liability or unlimited liability entity that
has a separate legal personality from its
members. A corporation is owned by multiple
shareholders and is overseen by a board of
directors, which hires the business's
managerial staff.
source: Wikipedia
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Corporations
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Corporate models have also been applied to
the government sector in the form of
Government-owned corporations. A
corporation may be privately held (that is, close
– which means held by a few people) or
publicly traded.
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source: Wikipedia
Publically owned Business
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Public property is property which is owned collectively
by the people as a whole. This is in contrast to private
property, owned by a individual person or artificial
entities that represent the financial interests of persons,
such as corporations.[1] Government ownership, also
called public ownership, are property interests that
are vested in the individual province or municipality
rather than an individual or communities.[2]
source: Wikipedia
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Public Company
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A public company or publicly traded
company is a company that has permission to
offer its registered securities (stock, bonds,
etc.) for sale to the general public, typically
through a stock exchange. *
source: Wikipedia
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Crown Corporations
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Crown corporations are enterprises owned by
the federal government of Canada (the Queen
in Right of Canada[1]), one of Canada's
provincial governments (the Queen in right of a
province) or one of the territorial governments.
Crown corporations have a long standing
presence in the country and have been
instrumental in the formation of the “state”.
source: Wikipedia
Crown Corporations
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Crown corporations are involved in everything
from the distribution, use, and price of certain
goods and services to energy development,
resource extraction, public transportation,
cultural promotion, and property management.
source: Wikipedia
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Privatization
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Privatization is the process of transferring
ownership of a business, enterprise, agency or
public service from the public sector (the
province or government) to the private sector
(businesses that operate for a private profit) or
to private non-profit organizations.
source: Wikipedia
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Privatization
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Privatization refers to transfer of any
government function to the private sector including governmental functions like revenue
collection and law enforcement.[1]
source: Wikipedia
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Cooperatives
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A cooperative (also co-operative; often
referred to as a co-op) is a business
organization owned and operated by a group of
individuals for their mutual benefit.[1]
A cooperative may also be defined as a
business owned and controlled equally by the
people who use its services or by the people
who work there.
source: Wikipedia
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Types of Cooperatives
Housing
Building
Utility
Agriculture
Credit Unions and Cooperative Banking
source: Wikipedia
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Not-for-Profit Organization
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A non-profit organization (abbreviated as NPO,
also known as a not-for-profit organization[1]) is
an organization that does not distribute its surplus
funds to owners or shareholders, but instead uses
them to help pursue its goals.[2]
source: Wikipedia
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Not-for-Profit Organizations
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Examples of NPOs include charities (i.e. charitable
organizations), trade unions, and public arts
organizations. They are in most countries exempt
from income and property taxation.
source: Wikipedia
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Not-for-Profit Organizations
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Most governments and government agencies
meet this definition, but in most countries they
are considered a separate type of organization
and not counted as NPOs.
source: Wikipedia
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Examples of Not-for-Profit
Organizations
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Atkinson Foundation
Bill and Melinda Gates Foundation
Habitat for Humanity (Canada)
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Free the Children
–
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CEO of Habitat for Humanity Toronto
Craig and Marc Kielburger
Me to We
License
Work is released under CC-BY-SA
http://creativecommons.org/licenses/by-sa/3.0/
and the
GNU Free Documentation License
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