ENTREP MODULE 1 AND 2

MERCHANDISING/TRADING, SERVICE, MANUFACTURING, HYBRID BUSINESS

WHAT ARE THE FOUR MAJOR TYPES OF BUSINESSESS

MERCHANDISING/ TRADING BUSINESS

This a type business where the entrepreneur is engaged in buying and selling of goods without changing its form

MERCHANDISING/ TRADING BUSINESS

THIS TYPE OF BUSINESS IS This a type business where the entrepreneur is engaged in buying and selling of goods without changing its form

SERVICE BUSINESS

type of business provides intangible products (products with no physical form AND firms offer professional skills, expertise, advice, and other similar products

MANUFACTURING BUSINESS

buys products with the purpose of using them as raw materials in making a new product.

MANUFACTURING BUSINESS

pools raw materials, labor, and overhead costs in its production process and manufactured goods will then be sold to customers.

HYRBID BUSINESS

enterprises that offer more than one type of business

FOOD CART, ECO FRIENDLY PRODUCTS, HEALTHCARE, WATER REFILLING AND BEAUTY AND WELLNESS

GIVE ME THE 5 FIRST TRENDING BUSINESS IN PH INDUSTRY

BAYAD CENTER, COLD DRINK STAND, CAR WASH, LAUNDRY SHOP, EDUCATION, ONLINE BUSINESS

GIVE ME THE 5 LAST TRENDING BUSINESS IN PH INDUSTRY

TRUE

Trends in business are dynamic, however those which thrive longer are those goods and services which offers basic necessities of the people

TRUE

Business ideas listed may be trendy but do not guarantee you that once started will have immediate success. Careful planning, proper researching, constant updating and complying with legal requirements are necessary when starting a business

SOLE PROPRIETOR, PARTNERSHIP, CORPORATION, AND COOPERATIVES

WHAT AR ETHE FOUR LEGAL FORMS OF BUSINESS ORG IN PH

SOLE PROPRIETORSHIP

is own and manage by one person only either with employees or not.

SOLE PROPRIETORSHIP

is considered as simplest and easiest business organization to set up and run but also business organization that has the highest mortality rate in terms of survival.

PARTNERSHIP

THIS BUSINESS ORG existence depends on the agreement of the parties

GENERAL PARTNERS

have unlimited liabilities that they are held liable with their private and personal property against the claim of the creditor.

GENERAL PARTNERSHIP

a business formed with two or more owners who share business responsibilities. AND has unlimited personal liability for the debts and obligations of the business

GENERAL PARTNERSHIP

THIS TYPE OF BUSINESS ORG HAS Each partner reports their share of business profits and losses on their personal tax return.

LIMITED PARTNERSHIP

consisting of a general partner, who manages the day to day business activities and makes decision for the enterprise.while the limited partner, has limited liability and cannot participate in management.

GENERAL AND LIMITED PARTNERSHIP

WHAT ARE THE TWO KINDS OF PARTNERHSIP

GENERAL, INDUSTRIAL, CAPITALIST, AND LIMITED PARTNER

WHAT ARE THE FOUR KIND OF PARTNERS

GENERAL PARTNER

has responsibility for the actions of the business, can legally bind the business and is personally liable for all the business's debts and obligations.

INDUSTRIAL PARTNER

A business associate who offers their expertise to the company as an investment instead of money

CAPITALIST PARTNER

A business associate who offers their capital or money to the company their investment.

LIMITED PARTNER

A business partner one who is liable only to the extent of his contribution

CORPORATION

a business legal entity that is owned by any person, partnership, association or corporation, singly or jointly with others but not more than fifteen (15) in number.

One Person Corporation.

A corporation with a single stockholder is considered a - —- —-

CORPORATION

is separate and distinct from its shareholders who elect a board of directors to manage the business activities. It has a perpetual existence unless provided in its Articles of Incorporation

STOCK OR NON STOCK

Corporations are may be — or —- corporations

STOCKHOLDERS OR SHAREHOLDERS

Corporators in a stock corporation are called s—— or —

MEMBERS

Corporators in a non-stock corporation are called ——

STOCK CORPORATION

These are corporation with capital stock which is divided into shares and dividends are distributed to stock holders

FOREIGN CORPORATION

These are organized under the laws of the corporation’s country of origin

NON STOCK CORPORATION

These are corporations that do not generate profit or issues shares of stock to its members.

CHARITABLE, RELIGIOUS, EDUCATIONAL

GIVE ME THE FIRST 3 PURPOSES OF NON STOCK CORP

CULTURAL, CIVIC SERVICE AND INDUSTRY OR AGRICULTURE

GIVE ME THE LAST 3 PURPOSES OF NON STOCK CORP

COOPERATIVE

is an autonomous and duly registered association of persons, with a common bond of interest, who have voluntarily joined together to achieve their social, economic and cultural needs and aspirations by making equitable contributions to the capital required, patronizing their products and services and accepting a fair share of risks and benefits of the undertaking in accordance with the universally accepted cooperative principles

CONSUMER, CREDIT, MARKETING COOPERATIVE

GIVE ME THE FIRST 3 OF TYPES OF COOPERATIVE

PRODUCERS, MULTIPURPOSE, SERVICE COOPERATIVE

GIVE ME THE SECOND 3 OF TYPES OF COOPERATIVE

AGRARIAN REFORM, EDUCATION COOPERATIVE

GIVE ME THE THIRD 3 OF TYPES OF COOPERATIVE

ELECTRIC, HEALTH SERIVE, AND HOUSING COOPERATIVE

GIVE ME THE FOURTH 3 OF TYPES OF COOPERATIVE

CONSUMER COOPERATIVE

This cooperative’s main objective is to provide and distribute merchandises to members and non-member

CREDIT COOPERATIVE

This type of cooperative promotes and accepts savings and lending services to its members.

CREDIT COOPERATIVE

It pool a mutual funds in order to provide financial assistance and other interrelated financial services to its members for productive and provident purposes;

MARKETING COOPERATIVE

These cooperatives engage in the supply of production inputs to members and market their products

PRODUCERS COOPERATIVE

These cooperatives produce agricultural or industrial commodities.

PRODUCERS COOPERATIVE

It is formed and operated by its members to embark on the production and processing of raw materials or goods produced by its members into finished or processed products for sale by the cooperative to its members and non-members

MULTI PURPOSE COOPERATIVE

These type of cooperative combines two (2) or more of the business activities of these different types of cooperatives.

SERVICE COOPERATIVE

These type of cooperative engages in medical and dental care, hospitalization, transportation, insurance, housing, labor, electric light and power, communication, professional and other services

AGRARIAN REFORM COOPERATIVE

This type of cooperative is one that is organized by marginal farmers for the purpose of enhancing and developing an appropriate system of land tenure, development, consolidation and management in areas covered by agrarian reform

EDUCATION COOPERATIVE

This type of cooperative is organized for the purpose of operating licensed educational institutions, based on the provisions Governance of Basic Education Act of 2001 or Republic Act No.9155

COOPERATIVE BANK

This type of cooperative is organized for to provide extensive financial services to cooperatives and their members.

ELECTRIC COOPERATIVE

This type of cooperative is organized for the provision of generating electricity, utilizing renewable sources, including hybrid systems, acquisition and operation of sub transmission or distribution to its household members

HEALTH SERVICES COOPERATIVE

This cooperative is organized by medical and dental people whose purpose is to provide health services.

HOUSING COOPERATIVE

This cooperative is organized to assist access to housing for the advantage of its regular members who actively participate in the savings program for housing. It is co-owned and controlled by its members

WORKERS COOPERATIVE

This cooperative is organized by employers and workers. Its objective is to provide employment and business opportunities to its members and manage it in accordance with cooperative principles

FISHERMEN COOPERATIVE

This cooperative is organized by marginalized fishermen in areas where products are marketed either as fresh or processed products.

TRANSPORT COOPERATIVE

This cooperative is organized under the provisions of RA 9520, which includes land and sea transportation, limited to small vessel

INSURANCE COOPERATIVE

. This cooperative is involved in the business of protecting life and property of cooperatives and their members;

WATER SERVICE COOPERATIVE

This cooperative is organized to own, operate and manage waters systems for the provision and distribution of potable water for its members and their households;