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Participation - In the early chapters of our text we will...

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In the early chapters of our text, we will be focusing on service businesses that are organized as corporations. However, there are other types of business organizations as well. Give some examples of manufacturing, merchandising, and service businesses that you can think of. A business is an organization in which goods and services are exchanged for one another or money. Every business entails some form of investments and customers to whom its output can be sold at profit. There are three types of businesses with different characteristics; manufacturing, merchandising, and service businesses. Manufacturing business a business engaged in manufacturing some product. It’s an entity that makes a good through a process involving raw materials, components, or assemblies, with different operations divided among different workers. An example of an manufacturing business would be General Motors. A merchandising business sells products but doesn’t make the products like a manufacturing business does. They purchase products from other businesses; for example WalMart. A service business is a business that provides services to businesses rather than products. For example Sprint is a service provider providing me cell phone service.
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