Analyze jumbled letters given below to form a word.
1. You engage into this if you want profits.
S
U
S
B
S
E
I
N
2. This refers to two or more people who work together or to do business together.
N
A
S
R
E
R
3. This is what most business aim for.
O
R
P
I
F
T
P
T
FORMS OF
BUSINESS
ORGANIZATION
AND TYPES OF
BUSINESS
ACCORDING TO
ACTIVITIES
1. Define business
2. To know the forms and types of
business organizations
3. To know the advantages and
disadvantages of each forms of business
organizations
What is BUSINESS?
Business - is an organization where
economic resources or inputs, such as
materials and services, are brought
together and distributed to deliver or to
give consumers goods, products, or
outputs.
BUSINESS
is the practice of making one's living or
making money by producing or buying
and selling products (such
as goods and services).It is also "any activity
or enterprise entered into for profit.
BUSINESS
It involves significant operations
such as:
 buying
 assembling
 advertising
 selling, and
 distributing  accounting
Why do you think people engage in
business??
The money earned
when a business sells
products or services
for more than the cost
to produce them.
PROFIT
BUSINESS - IS AN ORGANIZATION
WHERE ECONOMIC RESOURCES OR
Types
of Business
INPUTS,Three
SUCH AS
MATERIALS
AND
SERVICES, ARE BROUGHT TOGETHER
AND DISTRIBUTED TO DELIVER OR TO
GIVE CONSUMERS GOODS,
PRODUCTS, OR OUTPUTS.
Service
Business
IT INVOLVES SIGNIFICANT
OPERATIONS SUCH AS BUYING,
ASSEMBLING,
DISTRIBUTING, Business
Merchandising
ADVERTISING, SELLING, AND
ACCOUNTING.
Manufacturing Business
• provide services
to customers
rather than
products.
• sell to
customers
products they
buy from other
businesses.
• turn basic
inputs into
products which
are sold to
consumers.
Service
Business
.
Merchandising
Business
Manufacturing
Business
Forms of Business Organizations
Forms of Business Organizations
 It is a one-person business. The owner
has full control over the finances and
operations and decides alone.
Forms of Business Organizations
 It is a business relationship between two
or more people. It refers to arrangement
where individuals share a business
venture's profits and liabilities.
Forms of Business Organizations
 It is an entity created by law that is independent
and distinct from its owners and relies on the
corporate laws of the state in which it is
incorporated to continue its existence.
Forms of Business Organizations
 A cooperative, or a co-op, is a private business,
organization or farm that a group of individuals
owns and runs to meet a common goal. These
owners work together to operate the business, and
they share the profits and other benefits.
SOLE PROPRIETORSHIP
1. Tax preparation is faster.
2. Has low start – up costs.
3. Handling money for business is
easier.
4. Have the least government rules
and regulations that affect them
5. Can own the business as long
as he/she wants, he/she can
cash in or sell the business.
1. Is personally liable for
all the debts and
actions of the business.
2. Lack of financial control
because of the loose
structure.
3. There could be difficulty
in raising the capital.
PARTNERSHIP
1. Easy to establish
2. Partners can combine
expertise
3. Distributed workload
4. The business partners
typically divide the
profits among
themselves.
1. Possibility for disagreements
2. Difficulty in transferring
ownership
3. Full liability
CORPORATION
1. The liability of the shareholders of a
corporation is limited up to the amount of
their investments.
2. A publicly held corporations may sell
shares or issues bonds to raise substantial
amounts.
3. It is easy for the shareholders to sell shares
in a corporation.
4. It has no limit, ownership can pass through
generations.
CORPORATION
1. The corporation pay taxes on its income
depending on its type and the shareholders
pay dividend taxes, so income gets taxed
twice.
2. The management team of a corporation
can operate the business with out any
oversight from the owners.
Who wants to become a
businessman/ woman??
Who among you knew Mr. Manuel
“Manny” Villar??
Manuel Villar is the
richest man in the
Philippines as of 2024,
with an estimated net
worth of $9.7 billion or
(P233.3 billion)
Top 10 Richest Men In Philippines 2024 Filipino billionaires (Net Worth) (nubiapage.com)