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This document discusses three major types of businesses according to their activities: service companies, merchandising companies, and manufacturing companies. Service companies provide intangible services using employees. Merchandising companies buy finished goods and resell them, earning revenue from sales. Manufacturing companies buy materials and convert them into products. Each type has advantages like absence of inventory for services or ability to standardize production for manufacturing, and disadva
- Author
- Mark Domingo Mendoza
- Language
- EN