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Types of Businesses

Types of Businesses. 5 Different Types. 5 Types of Businesses. Producers Create or gather goods Raw Goods – materials gathered in original state from nature. Manufacturers Turn processed goods into finished goods Require no more processing Ready to be sold . Intermediaries

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Types of Businesses

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  1. Types of Businesses 5 Different Types

  2. 5 Types of Businesses Producers Create or gather goods Raw Goods – materials gathered in original state from nature Manufacturers Turn processed goods into finished goods Require no more processing Ready to be sold Intermediaries Move goods from one business to another Wholesaler – buy goods from manufacturers & sell in large quantities to retailers Some sell to consumers - Sam’s Club Retailer – buy goods from wholesalers & sell directly to consumers Service Businesses Provide services rather than goods Movie Theaters, Dry Cleaners, Car Washes, Auto Mechanics Processors Change raw goods into more finished form Mills, Refineries, Pasteurizing…

  3. The Private Enterprise Economy

  4. Over Time Information Economy 1990s – More dependent on computers, internet, and technology Agriculture Economy During the 1800s – most businesses based on farming Made/grew what families needed 70% of population worked on farms Industrial Economy Power-Driven Machines Buying more outside the home Factory jobs replaced agriculture Service Economy 1950s - Began paying for “services.” No longer doing everything themselves Convenience is the key!

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