If you’re looking for examples of businesses, you’ve come to the right place. We’ll talk about retail, manufacturing, and franchising. All three types of businesses have different functions, but they all share some common elements. Retailers sell products to the public, and manufacturers sell products to distributors. Franchises, on the other hand, are companies that are owned by another company, but follow the same business model. Examples of businesses, such as Walmart and McDonald’s, have a similar business model.
Business is a term used to describe any organization that offers goods and/or services for profit. Some are small, single-industry operations while others are multi-national companies, covering many industries. Apple and Walmart are two examples of large companies. While business has two different meanings, it generally refers to an entity that operates for industrial or commercial purposes. Businesses typically start as a concept or idea, and then expand into different forms over time.