Every business in existence falls under one of these three categories:

A. organic businesses, manufactured businesses, and expanding businesses
B. finance businesses, garment businesses, and home businesses
C. service businesses, merchandising businesses, and manufacturing businesses
D. cosmetics businesses, health businesses, and entertainment businesses

Question

13-08-2024
Business

Answered

Every business in existence falls under one of these three categories:

A. organic businesses, manufactured businesses, and expanding businesses
B. finance businesses, garment businesses, and home businesses
C. service businesses, merchandising businesses, and manufacturing businesses
D. cosmetics businesses, health businesses, and entertainment businesses

Answer :

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Final answer:

Businesses can be categorized into service businesses, merchandising businesses, and manufacturing businesses based on the types of products or services they offer.

Explanation:

Service businesses provide intangible products or services, such as legal advice or education. Merchandising businesses buy products at wholesale and sell them at retail prices, like clothing stores. Manufacturing businesses create products, such as cars or furniture, from raw materials.

Learn more about Types of Business Organizations here:

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