Types of Service

Business Manufacturing

Merchandising

According to Activities
Welcome
Students!
Introduction

A business is an organization that

converts inputs or resources such as
material, labor and overhead into outputs
which are usually either goods or
services. In this lesson, we will discuss
the different types of business according
to activities and their advantages and
disadvantages.
 Major Types of Business

MANUFACTURING
BUSINESS MERCHANDISING
SERVICE
BUSINESS
BUSINESS
Service A service business is

Business one that generally use

their employees to
provide intangible
products or services to
customers. These
services include
professional skills,
advice, expertise and
other related products.
 Examples of Service Business

HOTELS & RESTAURANTS

ACCOUNTING FIRM HOSPITALS & CLINICS
 MANUFACTURING
Manufacturing business BUSINESS
buy materials, convert
them into products and
then sell the products to
other companies or to
the final consumers.
Examples of Manufacturing
Business

TECHNOLOGY
COMPANIES
FACTORIES
Merchandising
Merchandising business sells
Business tangible products. This type of
business buys finished or
almost finished goods from
their suppliers and resell the
same to customers. Primarily
earn revenues from the sale of
the goods of merchandise, also
known as sales revenue or
sales.
 TWO TYPES OF
MERCHANDISING BUSINESS

WHOLESALER
RETAILER

A merchandising A merchandising
company that sells company that sells
goods directly to the goods to retailers.
customers.
 Merchandising Business

Advantages Advantage Disadvantage

and Less
Managing
Disadvantages conversion,
Inventory
time and
Service Business effort

Manufacturing Business
Advantage Disadvantage
Advantage Disadvantage
Inability to
Absence of
Standardize Self- Relies on
Inventory
Services satisfaction raw
is high materials
Thank You
God bless :)