6/3/2023 0 Comments Todolist dotabuff![]() If Service, Merchandising, and Manufacturing refer to how an organization or company conducts business, the following refer to how a business is formed or managed. The same can be said for companies producing processed foods or a furniture business who needs raw timber to create beds and chairs. They buy raw materials in order to come up with a product they can sell.įor example, an ice cream business needs raw materials like milk and sugar in order to product their ice cream. Manufacturing BusinessĪn enterprise or company that is involved with the creation of a product is engaged in the manufacturing business. They simply act as a gateway for people looking to purchase products.Įxamples are groceries and malls, resellers and suking tindahans. Typically, they will buy their merchandise or product at lower prices from wholesalers then sells it at a markup, for profit.Ī merchandising business does not make any changes to its supplies or products. It’s a business that operates under the “Buy and Sell” concept. ![]() In its most basic form, to do “business” is to make a living through commerce.Ī business whose output/product is not an actual physical or tangible product is engaged in the service business.īanks, accounting firms, law firms (and other types of consulting firms), review centers, training facilities, gyms, barber shops, salons, kids play centers, arcades, are some examples since their “product” takes the form of some kind of service/action. How to Future-proof your Business Idea What is a Business?Īn entity or an enterprise that is committed to providing goods or services in exchange for some form of payment.How to Fund your Business in the Philippines.Tips on Starting a Small Business in the Philippines.Hobbies, Crafts, & Other Business Ideas:. ![]() Online & Home-based Business Opportunities.Fleet for Sharing Economy Business Models.Electric Bicycles (Retail & Repair Services). ![]() Out-of-the-box & Creative Negosyo Ideas.IT & Network consulting and training services Business & Company incorporation services Manufacturing or selling ready-to-assemble furniture Best Small Business Ideas in the Philippines.
0 Comments
Leave a Reply. |