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    Types of Business According To Activities

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    Arminda Villamin
    Types of Business According to Activities

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    © All Rights Reserved
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    Types of Business According To Activities

    Uploaded by

    Arminda Villamin
    117 views7 pages
    Types of Business According to Activities

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    Types of Business According to Activities

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    © © All Rights Reserved

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    Types of Business According to Activities

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    117 views7 pages

    Types of Business According To Activities

    Uploaded by

    Arminda Villamin
    Types of Business According to Activities

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 7

    TYPES OF BUSINESS

    ACCORDING TO
    ACTIVITIES
    FUNDAMENTALS OF ACCOUNTANCY, BUSINESS AND MANAGEMENT 1
    Types of Business Definition Input Output Advantages Disadvantages Examples
    According to
    Activities

    Service Firms that generally use Labor Intangible  Absence of  Inability to Accounting and law
    their employees to provide service Inventory standardize services firms, hospitals,
    services to customers  No production  Maintaining human schools, salon
    facilities capital

    Merchandising Firms that buy finished or Goods or Tangible;  Visible products Managing Inventory Supermarkets,
    almost finished goods from merchan Merchandise  Less conversion; convenience
    their suppliers and resell the dise time and effort stores, bookstores;
    same to customers bought department stores
    from
    suppliers

    Manufacturing Firms that create their own Raw Tangible  Quality Control  Generally need Car companies,
    product material manufactured production facilities consumer
    s, labor products  High conversion products
    and costs companies,
    overhea  Cost of quality electronics
    d control companies, energy
     Managing Inventory manufacturers
    OPERATING CYCLE OF MERCHANDISING
    COMPANIES

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