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1 Business Characteristics Slide 2 2 Objectives Slide 3 3 Types of Businesses Slide 4 4 Producers Slide 5 5 Processors Slide 6 6 Manufacturers Slide 7 7 Intermediaries Slide 8 8 Service Firms Slide 9 9 Non-profit Organizations Slide 10 10 Business Ownership Slide 11 11 *unlimited liability sole proprietor is personally responsible for all debts Sole Proprietorship Slide 12 12 Partnership Slide 13 13 Corporation Slide 14 14 *limited liability owners are responsible for amount of debts equal to amount of money invested in company Corporation Slide 15 15 Franchise Slide 16 16 Cooperative Slide 17 17 Organizational Structure Slide 18 18 Organizational Structure Slide 19 19 Organizational Chart Slide 20 20 Function Slide 21 21 Product Slide 22 22 Geographic Area Slide 23 23 Centralization versus Decentralization Slide 24 24 Centralization Slide 25 25 Decentralization Slide 26 26 Business Departments Slide 27 27 Human Resources Slide 28 28 Employment Process Slide 29 29 Employment Process Slide 30 30 Employment Process Slide 31 31 Employment Process Slide 32 32 Employment Process Slide 33 33 Training and Developing Slide 34 34 Training and Developing Slide 35 35 Training and Developing Slide 36 36 Training and Developing Slide 37 37 Training and Developing Slide 38 38 Training and Developing Slide 39 39 Management Slide 40 40 Management Slide 41 41 Management Slide 42 42 Management Slide 43 43 Management Slide 44 44 Management Slide 45 45 Finance and Accounting Slide 46 46 Accounting Slide 47 47 Financial Transactions Slide 48 48 Financial Transactions Slide 49 49 Financial Statements Slide 50 50 Financial Statements Balance Sheet Slide 51 51 Financial Statements Income Statement Slide 52 52 Finance Slide 53 53 Finance Slide 54 54 Finance Slide 55 55 Marketing Slide 56 56 Marketing Slide 57 57 Understanding Consumers Slide 58 58 Production and Distribution Slide 59 59 Production Slide 60 60 Distribution Slide 61 61 Quiz Slide 62 62 Quiz Slide 63 63 Acknowledgements MMIII, MMIV CEV Multimedia, Ltd.