3 Types of Business

By: Jaron McMasters

Types of Business

Service Business: provides products with no physical form.

Merchandising Business: "Buy and sell" business. Buys products at wholesale price and sells at retail price.

Manufacturing Business: Buys products with the intention of using them as materials in making a new product.

North Carolina Example

Food Lion is a Merchandising Business because they buy items at wholesale price and sell them at retail price