A newly formed
organization with
limited or no
operational history.
• eBay
• Uber
• Airbnb
• Apple
• Facebook
A business organization
with operations in
multiple countries that
sells products and
services to customers
all over the world.
• Walmart
• Exxon Mobil
• Berkshire Hathaway
• Proctor and Gamble
An organization that
increases its annual
revenue faster than its
competitors in the same
industry or market.
• Bear Ma ress
• Forever 21
A business that is
exempt from paying tax,
with the expectation
that any generated
profit will be reinvested
in the business.
• Step Up For Students
• Goodwill Industries
TYPES OF
BUSINESS
ORGANIZATIONS
We often refer to businesses as organizations but there is an important
difference between the two terms. A business focuses on selling and producing
goods while an organization is a group of people formed and structured in a
certain way to achieve goals. In other words, people in organizations engage in
business tasks and activities to meet organizational objectives.
IN THE UNITED
STATES, THERE
ARE THREE
SIZES OF
ORGANIZATIONS
TYPES OF ORGANIZATIONS
SMALL BUSINESSES
< 100 employees
MID-SIZE BUSINESSES
between 100-500 employees
LARGE BUSINESSES
> 500 employees
MULTINATIONAL
ORGANIZATIONS
GROWTH
COMPANIES
NONPROFIT
ORGANIZATIONS
STARTUP
ORGANIZATIONS
Source:
Introduction to Business:
For a Sustainable and Entrepreneurial Future
Second Edition
Heidi M. Neck, Ph.D.
Christopher P. Neck, Ph. D.
Emma L. Murray, BA, H. Dip
Looking for more Introduction to Business content to share with your students?
Visit collegepublishing.sagepub.com/intro-business.
Source:
Introduction to Business:
For a Sustainable and Entrepreneurial Future
Second Edition
Heidi M. Neck, Ph.D.
Christopher P. Neck, Ph. D.
Emma L. Murray, BA, H. Dip
Looking for more Introduction to Business content to share with your students?
Visit collegepublishing.sagepub.com/intro-business.
