A.

Identification
Partnership 1. Type of business with two or more owners who agree to contribute money,
property, or industry.

Corporation 2. Business owned by five or more persons organized in accordance with law,
thus obtaining a separate judicial personality.

Cooperative 3. Business organization composed of members generally belonging to the same

industry to serve their own needs like marketing whatever they produce.

Stock 4. Ownership in a corporation is presented in these units of ownership.

Genetic Industries 5. Business involved in the reproduction of plants and animals.

Construction Companies 6. Companies that build roads, bridges, houses, and other
infrastructure.

Mining or extractive industry 7. Businesses engaged in extracting natural resources.

Insurance companies 8. Companies that sell protection against death, accident, injury, or
natural calamities.
Banks 9. Firms that use money as its main object of business (product).

Manufacturing 10. Type of business which involves buying raw materials and converting the
same into finished products.

B. Application
1. Research on the internet a business owner and know about how he/she started his/her
business, how the business is doing, what he/she did to make the business succeed and look for
pointers for aspiring entrepreneurs. You may choose from the following:
a. A Service owner business
b. A trading business owner
c. A small manufacturing business owner